Human: What do I need to know about buying life insurance? Assistant: 
You should know the different types of life insurance, such as term life, whole life and universal life. You also need to understand the coverage options available, like face amount, death benefit and premiums. It is important to compare quotes from various insurers to get the best deal on a policy that meets your needs. Lastly, make sure you understand all the terms and conditions associated with the policy before signing up.