Life insurance is a vital tool for financial security, but with so many options available, it can feel overwhelming to choose the right one. At its core, life insurance provides peace of mind, ensuring your loved ones are financially protected in the event of your passing. To make an informed decision, it’s essential to understand the two primary types of life insurance: term life and whole life. Each comes with unique benefits and potential disadvantages that cater to different needs.

Insurance is a vital part of financial security, but mistakes can lead to unnecessary stress and financial hardship. Here are the top five insurance mistakes and simple ways to avoid them: