In the context of life insurance, what is a common result of insufficient advice?

Holding on to ineffective insurance products is a common result of insufficient advice in the context of life insurance. When individuals do not receive adequate guidance or information about their options, they may choose policies that do not suit their actual financial needs or personal circumstances. This can lead to the purchase of life insurance products that lack the appropriate coverage or benefits required to protect their loved ones financially.

Without proper advice, individuals might overlook critical factors such as their financial obligations, family circumstances, and long-term goals. As a result, they may end up with policies that are either too expensive for the coverage provided or do not align with their future protection requirements. This scenario often leaves policyholders feeling dissatisfied and inadequately covered in times of need, underscoring the importance of getting thorough and personalized advice when selecting life insurance.