Several factors play a role in determining the right life insurance coverage. Consider factors such as your financial obligations, including debts and future expenses like education costs or mortgage payments. Also, factor in your income, family's needs, and long-term financial goals. Consulting with a qualified insurance professional can help you assess your specific needs and find suitable coverage.

It is never too early to start planning for retirement. The earlier you begin, the more time you have to save and benefit from compound interest. Ideally, starting in your 20s or 30s allows for long-term growth and flexibility in investment choices. However, even if you're closer to retirement age, it's important to start planning and exploring retirement savings options as soon as possible.

Mortgage protection insurance is a type of life insurance specifically designed to pay off your mortgage balance in the event of your death. It provides financial protection to your loved ones by ensuring that they can continue living in the home without the burden of mortgage payments. Consulting with an insurance professional can help you assess your needs and make an informed decision.