Self-Employed? Here’s Why You Need Life Insurance
Being self-employed can bring a wide range of benefits and freedoms which are to be celebrated, but making the switch to being your own boss can mean taking on new responsibilities or losing access to benefits you previously may have taken for granted when underemployment. For example, many employers offer life insurance or private healthcare as part of their employee perks, but when you are self-employed, it is on you to sort these out.
Ensuring that you have life insurance in place as a self-employed individual is absolutely crucial and should form part of your financial planning and budgeting strategy. Not only is it to be considered from a financial perspective, but it is also good from a business perspective so that you’re work is still protected should something happen. With that in mind, let’s take a look at some of the reasons why, if you’re self-employed, you need to make sure that you have life insurance.
Do I Need Self-Employed Life Insurance?
The answer all comes down to the level of risk which you are happy with and how you determine this risk is dependent on your circumstances. Some self-employed individuals are at a relatively low risk of death …
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