Dreaming that you are wearing a life jacket, symbolizes security and reinforcement. You are in need of some support. Dreaming that you are not wearing a life jacket indicates that you want to approach your emotions and problems head on, despite the notion that it may be painful or uncomfortable. (read all at source)
DREAM DICTIONARY - Life jackets :
We associate certain key phrases with dreams. With life jackets we might associate the phrase "its looking bad." So a life jacket dream may tap into any situation where we feel "its looking bad. (read all at source)
To dream that you are wearing a life jacket, symbolizes security and reinforcement. You are in need of some support.
To dream that you are being lifted, represents that you are rising above unpleasant conditions or issues. (read all at source)
What was happening in the water dream - Who was around you, Where you playing?
How did you feel when you woke up from sleep?
Did you remember seeing any symbols like life jackets, boats etc.
How do you feel in your walking life?
Where you scared in the dream or happy? (read all at source)