Four key questions to ask before buying life insurance

Financial advisors recommend asking four fundamental questions before purchasing life insurance. First, identify what financial goal the policy will serve and whether it aligns with your needs. Second, evaluate if the chosen policy is truly suitable for your circumstances. Third, understand the actual total cost of the policy over its lifetime, not just initial premiums.

Finally, exercise caution if a seller pushes you to replace an existing policy, as this can constitute a mis-sale. Consumers should be wary of aggressive replacement tactics and ensure any new policy genuinely serves their financial interests rather than the agent's commission incentives.