Knowing when to buy life insurance isn’t always clear, and once you decide to purchase life insurance, knowing what 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, how long you need it, and then make your payments. If your policy is still active when you pass away, the people you have 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 first. Browse the Freeway Insurance Knowledge Center to get an understanding of how life insurance works and help you make an informed decision about your needs as they pertain to life insurance.