#1: How Much Coverage Do I Need?
Enough to cover debts, income replacement, and family expenses — often 10–15× your annual income.
#2: Term or Whole Life?
Term is affordable for temporary needs. Whole life lasts forever and builds cash value.
#3: Is the Payout Tax-Free?
Yes — death benefits are tax-free for beneficiaries in most cases.
#4: Can I Change My Policy Later?
Some policies let you convert term to permanent or add riders for extra benefits.
#5: What If I Miss a Payment?
Many policies offer a grace period or nonforfeiture options before coverage ends.