What is life insurance coverage and why do I need it?
Life insurance coverage is a policy that pays out a sum of money upon the insured person's death. It's essential for financial security.
How do I determine how much coverage I need?
To determine your coverage, consider your debts, income, and future expenses like education for your children.
What types of life insurance are available?
There are two main types: term life insurance, which covers you for a specific period, and whole life insurance, which lasts your entire life.
Can I change my coverage amount later?
Yes, many policies allow you to adjust your coverage amount as your needs change over time.
What factors affect the cost of life insurance?
Factors include your age, health, lifestyle, and the type of policy you choose.
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