Death is inevitable; therefore, having a life insurance policy is beneficial because life insurance affords financial protection to our loved ones that we'll be leaving behind one day. Although not everyone of us can afford a costly life insurance, there is an affordable alternative: term life insurance. In this type of insurance, the premiums are dependent upon the length of the term and the amount of coverage you choose. Since the policyholder can choose the length of the coverage period, this is usually good for such needs as preparation of your child's college education. It is good to shop around for companies that give the most affordable term life insurance quotes. You won't know when you will need it. As the saying goes, always be prepared.