Life insurance is a contract between you and an insurance company. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to your beneficiaries upon your death.

The amount of coverage you need depends on your individual circumstances, such as your income, debts, and financial goals. A general rule of thumb is to have enough coverage to replace your income for a certain number of years and to cover any outstanding debts and expenses.

Yes, you can still qualify for life insurance with pre-existing health conditions, but the cost of coverage may be higher, and certain conditions may limit your options. It's important to disclose any health issues upfront when applying for a policy.