Top Life Insurance Mistakes to Avoid (Plus Smart Tips to Protect Your Family) Disclosure: This is a paid partnership with Responsival. We never know what the future holds, and being prepared for unexpected emergencies is crucial. Life insurance doesn’t have to be expensive, but learning how it works and choosing the right policy is a smart financial decision that protects your loved ones. Below are common mistakes people make when purchasing life insurance — and how to avoid them. 1. Waiting Too Long to Buy Life Insurance One of the biggest mistakes people make is delaying buying life insurance. Life insurance is more affordable when you’re young and healthy, and premiums typically increase as you age or develop health issues. Even if you think you don’t need coverage right now, having a policy in place can safeguard your family’s future. You can always adjust or upgrade your policy later as your needs change. Pro tip: Consider flexible options like no-exa...