It’s tempting to put off shopping for life insurance if you’re a millennial, shirking this pillar of financial stability until debts are taken care of. But shopping for life insurance now can save you big bucks and ensure any dependents are seen to should the unthinkable happen. If you don’t know where to start, focusing your search on life insurance providers in your area, such as an Oaklyn life insurance policy for those in southern New Jersey, can help.

How much insurance and what type of coverage you need depends on your family size, financial obligations and ability to pay. As a millennial, you may not have a long-term partner or children that rely on your support but may want to ensure any private student loan debts are taken care of in the event of your death. With a level term Oaklyn life insurance policy, your rates stay static for the period you’re paying into them.

You’ll also want to think about your long-term goals when purchasing life insurance – just because you don’t have dependents now doesn’t mean you won’t during the term of your policy. An educated guess as to their needs can help you determine what kind of policy you need.