Think of your premium like a gym membership: you want to commit to something you’ll actually use (or, in this case, keep paying). Don’t go broke trying to insure yourself for millions, there is such thing as being over insured! Don't become victim to pushy sales tactics, go with something that fits your needs and budget.

How much moolah will your loved ones need if you’re not around to foot the bills? Think mortgage, kids' college, credit card debts and that one cousin who always needs to borrow money.

• Term Insurance: It’s like renting an apartment—cheap, temporary, and does the job.

• Whole Life: The mansion of policies—it’s pricier but comes with equity and a long-term commitment.

• Universal Life: Fancy, flexible, and probably better for people who actually enjoy reading fine print. (Make sure you speak with a knowledgeable Insurance advisor that you trust)

If your idea of exercise is running from responsibilities or you’ve got a thing for skydiving on weekends, expect a higher premium. Insurance companies love healthy, boring people—being vanilla isn't always such a bad thing.

Think of these as the extra guac of insurance policies. Critical illness cover, accidental death benefits, or waiver of premium—just make sure you’re not piling on toppings you don’t need.

Life changes—marriage, kids, new job, midlife crisis sports car—so look for a policy that doesn’t handcuff you to your past self.

Are you insuring your income, leaving a legacy, or just trying to keep your family out of a GoFundMe situation? Be clear about what you want your policy to achieve.

In short, choosing life insurance is a balancing act of what you need, what you can afford, and what will make your family thank you (instead of curse you) in the years to come. And if in doubt, remember: your future ghost would prefer you not cheap out.