So, you'll want to ask yourself those questions, as well as, how long you need life insurance, what you can afford to pay, and how much life insurance to buy.
If you need life insurance for a period of 30 years or less, then a term life insurance policy can offer you the most affordable option and accomplish your goals.
If you need guaranteed lifetime life insurance protection, then a whole life insurance policy may be a good idea.
Here's how you can compare the benefits and drawbacks of term life insurance versus whole life insurance.