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Term life insurance provides coverage for a specific period, typically 10, 20, or 30 years, while whole life insurance offers lifelong coverage with a cash value component that accumulates over time.

The amount of life insurance coverage you need depends on factors such as your income, debts, future expenses, and financial goals. A general rule of thumb is to have coverage equal to 5-10 times your annual income.

Life insurance premiums are determined based on factors such as age, health, lifestyle habits, coverage amount, policy type, and term length. Generally, younger and healthier individuals pay lower premiums.

To file a life insurance claim, you typically need to submit a claim form, along with a death certificate and any other required documents, to the insurance company. The insurer will review the claim and process the payout accordingly.

Yes, you can make changes to your life insurance policy after purchasing it, such as increasing or decreasing coverage amounts, adding or removing riders, or changing beneficiaries. However, these changes may be subject to approval by the insurance company and could affect your premiums.