Working for yourself can be a dream. But, in reality, it comes with added responsibility.
Being your own boss can be rewarding. It offers freedom and control as you watch your business grow. Yet, unlike a traditional job, you have heightened uncertainty and less security. You alone must absorb these risks. Fortunately, there are ways to protect your interests. Life insurance is at the top of the list.
Homeowners Insurance Group wants to help ensure you’re prepared. Located in Scottsdale, AZ, their skilled agents list three facts about life insurance.
Life insurance is custom.
Just like your business, a life insurance policy should be unique. The two most common types are term life and permanent life. As the name implies, term life will expire after a set number of years. Depending on age, gender, health, and other factors, term life can be much more affordable when compared to permanent plans.
Life insurance shields your business.
Your business is your legacy. You’ll want it to continue after you’re gone. Life insurance makes that a possibility. Payouts from these policies can keep finances in line, covering debt, loans, or expenses that may be outstanding. It can even help fund a selling agreement for a partner or beneficiary.
Life insurance protects personal matters too.
Life insurance provides for your family as well. Any dependents rely on your income. In addition to paying medical bills or long-term care, it may also cover funeral costs. This money may also pay off any mortgages or credit cards so your family doesn’t have to absorb this burden.
Find an agent serving Scottsdale, AZ
If you run a small business or are self-employed, Homeowners Insurance Group can help. Serving Scottsdale, AZ, they will construct a life insurance policy that’s right for you. Schedule an appointment today.