Planning for life events

Starting a business

Working for yourself has its rewards – no boss to answer to, no boring meetings to sit through and the potential to earn more than you ever could as an employee. But striking out on your own also means going without the benefits you enjoyed as an employee. So along with a fancy chair for your new office, you’ll also want to equip yourself with an insurance plan that protects your family’s financial future. Our coverage tools can help you decide which insurance plan is best for your needs.

 

To help you determine the right coverage for your needs, start here:

• Which coverage is best for me?
• How much coverage do I need?
• Learn more about 10-year term
• Learn more about underwritten whole life
• Learn more about accident hospital indemnity

Life tips

Starting a business

Conventional wisdom says stick to what you know. If you’ve got your heart set on opening a restaurant or running a bed and breakfast but your experience is in telecommunications, it’s probably not a good idea to invest your time and money learning on the job. Try to find something that’s similar to what you’re already doing.

Term insurance
Whole life insurance

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Quick hint

Keep your business accounts and personal finances separate. It makes preparing your taxes easier and, if you’ve formed a limited liability company, it can prevent a creditor from going after your personal finances to collect a business debt.

Helpful Links

• Term insurance options
• Accident and hospital coverage
• What is the difference between term and whole life insurance?
• Contact Us