Teens are new to the road so insurance companies believe that teens are more likely to be in a traffic accident/collision due to being unexperienced.
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The only answer one can give on this is 'it depends'. Usually it is more expensive than homeowners insurace, but less than workers compensation or liability insurance on a roofing contractor.
It depends on which company. I'm sure auto insurance companies are more sound than health insurance companies right now.
Cost. Other than that, there are no advantages. Whole life insurance lasts your whole life. It pays upon your death a predetermined amount. Once the designated term on term life expires, you have no more life insurance. Term will be significantly cheaper depending on your age.
Reputable insurance companies for whole life insurance include Gerber Life, MetLife, AllState, and Mass Mutual. Check with your auto insurer if you have car insurance, because sometimes you can combine two or more insurance policies with the same insurer and get a discount.
purchased for a set premium cost with the option of paying more.