Knowing when to buy life insurance isn’t always clear, and once you decide to purchase life insurance, knowing which type and how much to purchase can also be confusing. Life insurance is similar to any other type of insurance in that you determine how much coverage you need and how long you need it. If your policy is still active when you pass away, the people listed on your policy as beneficiaries are paid the death benefit. Before you purchase a life insurance policy, there are important terms and details you should familiarize yourself with. Browse the InsureOne Knowledge Center to get an understanding of how life insurance works and help you make an informed decision.