More than any other generation, millennials (born 1981-1996) are going without life insurance. In some instances this is understandable; perhaps you are debt-free or never plan to have children. However, there are some considerations you should take into account before writing off life insurance entirely. Here are some questions to ask yourself if you are a millennial considering (or who has never before considered) the possibility of purchasing life insurance.

DO YOU HAVE OTHERS DEPENDING ON YOU?

Whether it’s children, aging parents, or a disabled sibling, if there is someone who is financially depending on you for their future, life insurance will be there to take care of them. Although many millennials are waiting longer to get married and have children, life insurance is most affordable when you are young. This means even if you do not have children but plan to in the future, purchasing life insurance now is a good option. Once you begin having children, you can always adjust your coverage to fit your new needs.

DO YOU HAVE CO-SIGNED DEBT?

Americans owe over $1.56 trillion in student loan debt, and much of that debt belongs to millennial borrowers. While it is true that federal student loans are forgiven if you die, private loans are not. If you have a co-signer on your loan, such as your parents, they will be strapped with the responsibility of paying off the remaining debt if you pass. The same goes for any credit cards, cars, or mortgages with a co-signer. Having life insurance in place is a good idea for millennials with co-signed debts since it will assist your co-signers in paying off the remaining balance.

IS THERE A HISTORY OF HEALTH ISSUES IN YOUR FAMILY?

If your parents have heritable health conditions, there is a chance you could be diagnosed with the same condition eventually. Since it’s the most affordable to purchase life insurance when you are young and healthy, it is best to do it before you develop any health issues that may make life insurance more expensive or make you unable to qualify.

ARE YOU AN ENTREPRENEUR?

Many millennials are interested in entrepreneurship. If you own a business with someone else, they probably depend on you to keep the operation going. You can make sure the business you’ve built from the bottom up won’t be hurt by your death by purchasing life insurance, with the intent that the benefit is used for these purposes.

DO YOU LIVE WITH A SIGNIFICANT OTHER OR ROOMMATES?

It’s increasingly common for unmarried millennials to cohabit with a partner, and many live with one or more roommates. Unlike life insurance that benefits a spouse or children, a policy intended to assist housemates with the cost of rent will not need to cover a long span of years. It will only need to help with covering expenses through the end of your lease.