Life Insurance for Self-Employed
What is the best life insurance for self-employed people?
Self-employed people have a critical need for life insurance — there is no employer group life insurance. Term life insurance is the most affordable option. Coverage should be enough to replace income, pay off business debts, and support the family.
Key Points
- Self-employed: no employer group life insurance
- Term life insurance: most affordable option
- Coverage should replace income, pay off business debts, support family
- Business overhead expense insurance: covers business expenses if you become disabled
- An independent agent can help you find the best life insurance for self-employed people