With entrepreneurship comes responsibility. The responsibility is first and foremost to your family who supported you to take on your endeavor. Then the responsibility goes to your employees, your bank, and your customers. For many self-employed people, especially in start-up and early stages, you are the business. The success of the business is completely dependent on you being alive.
The death of a self-employed business person often leaves a stream of problems such as bills that need to be paid, contracts that need to be filled, staff that needs to be paid, and leases that need to be completed. These problems can all go away with the right life insurance coverage.
Self-employed people are all entrepreneurs. Life insurance should play a major role in your financial planning and security for your family.
Life insurance can be used to:
Life insurance is the only financial tool that produces cash on death. To determine the amount of life insurance coverage you need, it is important to know how much cash will be needed to pay bills and expenses and provide ongoing income for your family after you’re gone.
If you are self-employed and are looking to secure your family’s financial future, get in touch with us to discuss your options.