Life insurance is one of those things that seems like a rip off, unless the insured person dies; then it is a life saver for the survivors. When you are deciding on life insurance, make sure that you take into account at what stage you are in your life. Consider who you have to support and what your projected income is. You want life insurance that will help to replace your income while your survivors recover from the loss of you. Term life insurance is the most sensible method to achieve this goal. With term life insurance, you pay for the insurance that you need at the time you need it. If you have young children, you need enough insurance to support them until adulthood.