Don't buy insurance just because your neighbour bought it. Buy insurance because you need it.
Here are a few points to ponder about, whilst going about fulfilling your needs.
What kind of insurance do I need?
Understand your financial goals. Once you know what your aim is, you will be in a better position to choose the type of insurance you need - protection, savings, investment or retirement.
What will my insurance policy cover?
Different insurance policies have different covers. Make sure your financial advisor presents you with a list of recommendations, including the types of policies and benefits. Read them thoroughly to be aware of what your policy covers.