What is the top priority when choosing a life insurance policy?

The most important factor to consider when selecting a life insurance policy is understanding your coverage needs and financial goals, as this will determine the appropriate amount of coverage and policy type required.

- Coverage needs: Assessing financial obligations, debts, dependents and long-term goals.

- Policy type: Differentiating between term life, whole life, universal life and variable life insurance options based on affordability, flexibility and investment components.