One of the most important thing to know is if the insurance company you buy from will be able to pay death benefits when you die.

Choose a company with a good reputation and past history.

Choose a company that offers the product and features that meet your needs

Find out what state the insurance company is [...]

If you do not sell your life insurance policy, and you should die, the beneficiary you named on your policy must file a claim to collect the death benefit. The insurance company has 60 days to pay the claim or notify the beneficiary.
The beneficiary should get a claim form from the insurance company. The insurance [...]

Term Insurance is the simplest form of life insurance, the terms are the easiest to shop for. Ask yourself and your agent a lot of questions and here are some suggestions

Most life insurance policies permit you to “accelerate” the death benefit. This provision make it possible to collect on your own life insurance before you die. It is sometimes called “living benefit” provision.
This provision may be built into the policy or offered as a rider. It is intended to let you use death [...]

The best way to describe Universal Life Insurance is that it is a specific type of flexible life insurance that provides coverage similar to term life insurance with the benefits of tax deferred savings.
The advantages to Universal Life Coverage are the policy has the potential for cash value to earn more than the minimum interest [...]

Term Life Insurance is a policy that must be renewed annually and is considered to be a pure insurance protection.