Good news for entrepreneurs: you can buy hundreds of thousands of dollars of term life insurance protection for much less that you ever thought possible. For those who are self-employed, it is important to insure yourself with term life insurance for the savings you are tapping into, the benefits you may have lost from a former employer, or any outstanding loans you might have. And though you have probably put a lot of thought into buying health insurance or saving for your retirement, it is essential to also get life insurance placed in force so that your family is protected. Leading life insurance broker, LifeQuote can help you find a wide range of affordable life insurance quotes to suit your needs and those of your family.
In fact, life insurance may be even more important when you’re self-employed. As a sole proprietor, you, your family and/or heirs could be responsible for debts and other liabilities even after your death. Your family could be stuck with the debt. Even if your business is incorporated, most lenders want personal guarantees anyway so you still wind up liable for your business debts. That means any losses or financial obligations upon your death become the responsibility of your estate, your family and heirs. LifeQuote, a top insurance broker with over 25 years of proven successes, can help you find a life insurance plan for the self-employed.
So how much life insurance should you purchase? Your financial advisor might tell you that the rule of thumb is five to ten times your annual income, making additional allowances for other specific financial needs. Given the low cost of term life insurance, a couple might want to consider buying a $1,000,000, 20-year level premium policy.
Now how about getting that quote? Visit www.lifequote.com for free life insurance quotes from top-rated companies you know and trust. Our licensed insurance professionals will guide you through the selections. Call today at 1-800-521-7873 or send us an email at firstname.lastname@example.org.
LifeQuote Holdings, Inc., is a pioneer in online life insurance brokerage. The firm was one of the first to offer consumers free life insurance quotes via telephone in the 1980’s, prior to developing the Internet business model. The executive team is made up of life insurance and retirement plan veterans, as well as media/marketing specialists, and experts in web design, development and search engine optimization. The company CEO is a respected leader in his field and coveted public speaker at national industry meetings. To find out more, please visit www.lifequote.com.
The author of this LifeQuote Blog post is not a licensed life insurance agent or broker.