Common Errors People Make with Life Insurance and How to Avoid Them

Choosing life insurance enhances your financial security and protects your family. It's crucial to keep your insurer updated on any personal changes that could affect your policy. Common errors include allowing your policy to lapse due to missed payments, overlooking valuable options like conversion and exchange, and failing to update beneficiary designations. Regularly reviewing your policy with your advisor ensures it aligns with your current needs and that your loved ones receive the intended benefits.