Why is suitability important in Florida life insurance transactions?

Why is suitability important in Florida life insurance transactions?

• A. It is primarily about maximizing insurer profit.
• B. It ensures products fit the buyer’s financial goals, needs, and ability to pay, and helps prevent mis-selling and regulatory issues.
• C. It is a minor administrative step with no impact on product choice.
• D. It applies only to investments, not life insurance.

Answer: (B)