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Define life insurance, what is its purpose, and determine your life insurance needs, if any? What are the four general methods for determining the amount

Define life insurance, what is its purpose, and determine your life insurance needs, if any?
What are the four general methods for determining the amount of insurance you might need?
What is the difference between term life insurance and whole life insurance?
What are the five forms of term insurance? Define each.
What are the four forms of whole life insurance? Define each.
Why will many insurance agents dissuade you from buying low-cost term insurance and push you hard to buy whole life insurance?
What are the two types of life insurance companies? Define each.
One of the key provisions in a life insurance policy is naming your beneficiary. Why is this so important?
What is an annuity? What are the two types of annuities? Do you think annuities are good investment option?
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