Life insurance forms a critical aspect of all financial decisions one makes in their life. Getting life insurance gives one’s family financial security during any untoward event. It ensures that the family’s financial obligations are met, and this can include expenses like daily living costs, education loans, mortgage payments, and various other expenses. One should always buy life insurance after deliberating for some time. Here are some common mistakes to avoid when buying life insurance. Underestimating the coverage amount This is a very common mistake that one can easily avoid when buying life insurance. It is crucial that one takes into account all the financial needs of the family and figure out the amount of coverage needed. Do not underestimate their needs, as the family will require all the financial support they can get during a difficult time. One must consider all factors like any running debt, long term financial goals, income replacement and any other future expenses that can occur. One can also consult with a financial advisor to understand their needs and get an estimate on what an appropriate coverage amount should be. Not considering unique needs There are coverage packages available with life insurance companies, but one must understand that their needs may be unique, and the existing coverage details may not work well.