Life insurance provides financial protection for your loved ones in the event of your death. It can help replace lost income, cover outstanding debts, pay for funeral expenses, and ensure your family's financial security.

It's possible to get life insurance with pre-existing health conditions, although the availability and cost may vary. Some insurance companies specialize in providing coverage for individuals with health issues.

Many policies do require a medical exam to assess your health and determine the premium. However, there are no-medical-exam life insurance options available, usually at a higher cost.

A basic rule of thumb is at least 10 x's your income. However, completing a needs analysis with a Licensed Insurance Advisor is the best way to find out exactly how much coverage is appropriate for you.

There are many deciding factors such as Age, Gender, Health, Lifestyle, Occupation, Death Benefit, Policy Type, Riders and more that each Life Insurance company takes into consideration. As such, prices are really dependent on your situation and the company you choose. Work with an Insurance Advisor to find a policy that meets your budget.

There are primarily two types of life insurance:

a) Term life insurance: Provides coverage for a specific term (e.g., 10, 20, or 30 years). If the insured dies during the term, the death benefit is paid to the beneficiaries.

b) Permanent life insurance: Offers lifetime coverage and includes various subtypes such as whole life, universal life, and variable life insurance.

There is no best policy. Life insurance policies have and will continue to evolve to meet the need for various economic situations. Sometimes you may even need multiple policies to meet your needs. Completing a needs analysis with a Licensed Insurance Advisor is the best way to determine what is best for your situation.

Yes, some policies offer flexibility, allowing you to make changes like increasing or decreasing coverage, converting from term to permanent insurance, or adding riders (additional benefits) to the policy.

Yes, you can have multiple life insurance policies. It's not uncommon for individuals to have a combination of term and permanent policies to meet different financial needs.

Yes, you can cancel a life insurance policy, but doing so prematurely may result in a surrender charge and loss of coverage. It's essential to understand the implications before canceling.