Posted: Mar 01 '21

Why Term Life Insurance is a Good Fit for the Self-Employed

The self-employed community works too hard for what they have to have it taken away from them and their families because of an unexpected event. If you are self-employed and have not yet thought about term life insurance, you should seriously consider what this kind of policy can do for you. Here are some details about term life insurance that you may not already know. Contact us to learn more.

Customize Your Life Insurance 

 
As a successful entrepreneur, you are proud to be able to run your own business and take care of your family. Life insurance will ensure that your family is taken care of if you pass unexpectedly. With term life insurance, you can: 

Choose Your Beneficiaries 

With a term life insurance policy, you are not required to leave the payout to any particular person. You can choose to leave it with your children, to a trust, your partner, even a friend, anyone. 

Hold the Policy for a Set Amount of Time 

The word “term” in term life insurance means that the policy is only good for the amount of time that you choose, as long as you pay your premium. This gives you the flexibility to have a personal life insurance policy before hiring employees and moving up to a group policy. 

Change the Terms of the Policy at its Expiration 

When your policy term ends, you have the option to renew the policy; you can also transfer the policy to fit your current situation best. 

A Vistaplan Insurance Broker Can Help You Find the Best Policy for Your Needs 

Term life insurance policies can have a lot of rules. It would be in your best interest to speak with an insurance broker that can help you sort through different policies from many companies to ensure that you are getting the best rates. Give Vistaplan Financial a call today so that we can help you find life insurance to suit your needs. 

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About the Author - David Motkoski

David is a well-respected insurance advisor with over 30 years of experience helping healthcare professionals, business owners, and their families secure their financial futures. He takes the time to make certain his clients understand the life, disability, and health insurance products they are purchasing, so they can make the right choices for their budgets, plans, and futures. CONNECT WITH ME ON LINKEDIN