Life insurance is a financial product that provides a payout (called a death benefit) to your beneficiaries in the event of your passing. It helps protect your loved ones from financial hardship by covering expenses such as income replacement, debt, mortgage payments, or education costs.

Yes, but it may affect your eligibility and the cost of your premiums. Many insurers offer policies for people with medical histories, but the terms and pricing depend on the condition's severity and how well it’s managed. In some cases, guaranteed issue life insurance or simplified issue policies may be an option.

Premiums vary based on factors like your age, health, lifestyle, type of policy, and amount of coverage. Younger and healthier applicants generally qualify for lower rates.

You’ll start with an application that includes basic health and lifestyle questions. Depending on the policy, you may need a medical exam. After approval, you’ll choose your coverage amount, premium schedule, and list your beneficiaries.