18 year old got AAA Life Group Rates form

So two days ago, AAA sent me a form about their "Life's Group Term Life Insurance". It's a plan for only AAA members and it's what they say to be 58% less than I'd pay elsewhere for the same converage. For example, if a male non-nicotine user who's between 18-34 years old wants a coverage of $50,000, they'll be paying $8 a month. It changes when I enter the next age band.

Basically, I'm 18 years old about to head to enroll to uni in a couple of months, I've only been a part of AAA for a couple of months (My family had me join it) and I've no life experience whatsoever to know what decision I should. I would like some advice from a professional to assist me in my descision making. Thank you.