WEALTH CREATION: How To Buy Life Insurance If You Are A Self Employed Worker
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Eunice Sibiya -Independent Financial Educator.
Freelancing is becoming a viable career for many Americans, but there’s a sacrifice when it comes to self-employment and insurance for freelancers: there are typically no benefits.
When you freelance, you work for yourself, which has some advantages, but it typically means that you are providing your own benefits as well. Freelancers are usually on the hook not only for life insurance coverage, but also for healthcare, disability, and legal protection for their own business.
Whether you’re considering a freelance career or are already knee-deep in self-employment (go you!), here’s what you need to know about life insurance coverage.
Freelancing is becoming a viable career for many Americans, but there’s a sacrifice when it comes to self-employment and insurance for freelancers: there are typically no benefits.
When you freelance, you work for yourself, which has some advantages, but it typically means that you are providing your own benefits as well. Freelancers are usually on the hook not only for life insurance coverage, but also for healthcare, disability, and legal protection for their own business.
Whether you’re considering a freelance career or are already knee-deep in self-employment (go you!), here’s what you need to know about life insurance coverage.
