please answer these 5 question from my personal finance class

1. What is the purpose of life insurance? Do you think everyone needs life insurance? Explain. 2. List and briefly describe the factors that affect an individual's life insurance premium. 3. What is a lump-sum settlement? What kind of beneficiary would benefit the most from this option? 4. What is an installment payments settlement? When would an insured individual choose this option? 5. What is the interest payments option? How does it differ from the installment payments option