The amount of insurance you need depends on your individual circumstances, such as your income, assets, dependents, and risk tolerance. It's best to consult with a qualified insurance professional to determine the right coverage for you.

Most insurance companies offer the option to pay monthly premiums, often with a small surcharge compared to annual payments.

If you experience an event covered by your insurance policy, you can file a claim with your insurance company. The company will investigate your claim and, if approved, will pay you (or a designated beneficiary) according to the terms of your policy.

A professional money manager oversees the mutual fund, buying and selling assets to try to achieve the fund's investment objectives. Investors purchase shares of the mutual fund, and their ownership stake corresponds to the amount they invested. The value of the shares fluctuates based on the performance of the underlying assets.

Mutual funds can be a good investment option for many people, but it depends on your individual financial goals and risk tolerance. It's important to understand your investment horizon (how long you plan to invest) and risk tolerance before investing in any mutual fund.

Rebalancing your portfolio helps maintain your desired asset allocation (mix of stocks, bonds, etc.) over time. The frequency depends on your risk tolerance and market conditions. Consulting a financial advisor can help determine a rebalancing strategy.