Protect the household
Estimate income replacement, debts, dependent care, final expenses, and the resources survivors could actually access.
Self-employed coverage
Life insurance for self-employed people and business owners
Self-employed households may rely on income, client relationships, guarantees, and business assets that do not transfer neatly after a death. Separate the family protection need from business-continuation obligations before selecting coverage.
Reviewed for clarity and compliance · September 2026
Map business exposure
Review personally guaranteed debt, key-person loss, succession costs, and any buy-sell agreement with qualified legal and tax professionals.
Document the purpose
Ownership, beneficiary, amount, and financial justification can differ between personal, key-person, and business-purchase coverage.
Keep personal and business purposes clear
A single death can create two separate gaps: household income loss and business disruption. Listing each obligation helps avoid unclear ownership and beneficiary decisions.
- Personal income replacement
- Business debt and guarantees
- Key-person replacement costs
- Buy-sell funding
- Taxes, legal work, and transition expenses
Ready to make this specific to you?
Use your age, state, coverage amount, term, tobacco use, and general health to create a more useful starting point.
Start my comparisonCommon questions
What shoppers ask
Can my business own my life insurance?+
A business can own coverage in appropriate circumstances, but consent, notice, tax, ownership, and beneficiary rules require professional review.
How is income verified when I am self-employed?+
Carrier requirements vary and may include tax returns, financial statements, business records, or other evidence supporting the amount requested.