The flexible worker economy is on the rise, with nearly half of the workforce venturing into it either part-time or full-time in the past year. This shift has prompted life insurance companies to offer coverage to flexible workers without additional complications or requirements. Now is an excellent time to secure coverage.

Securing Life Insurance as a Flexible Worker

Self-employed individuals, independent contractors, freelancers, consultants, and gig economy workers can obtain life insurance just like anyone else. You will need to fill out an application form at Wil Plyler Insurance Agency. Following this, an agent will interview you and request medical examination results. The agent will discuss whole, term, and universal life insurance, including policy duration and coverage amounts. Once everyone agrees and signs the contract, the policy takes effect.

How much coverage do flexible workers need? Review your income tax returns from the last five years and estimate your earnings for this year. Multiply this figure by 10 for the lower range and 15 for the upper range. This range should cover your income. We can further assist by considering debts, mortgages, and children’s education to determine the final amount.

What Add-Ons Can Flexible Workers in Rock Hill, SC, Obtain?

Critical illness coverage provides a lump sum for a qualifying medical procedure or diagnosis for the duration of your policy. Additional requirements may apply depending on the carrier. It complements health insurance but does not replace it.

Income protection benefits are akin to sick pay. If an illness prevents you from working, this add-on provides monthly payments until you return to work, retire, pass away, or your policy expires. The first event to occur will result in the discontinuation of payments.

Being a flexible worker has many advantages. Wil Plyler Insurance Agency is here to cover the potential downsides. Life insurance addresses the uncertainties in life, allowing you to focus on finding work. Contact or visit our Rock Hill, SC, office for more information on life insurance for flexible workers.