Why Every Burbank Freelancer Should Consider Life Insurance for Peace of Mind
As a freelancer in Burbank, you face unique challenges that traditional 9-to-5 employees may not. Your income can fluctuate, and the uncertainty of project availability can be daunting. One way to bring stability to your life and protect those you love is through life insurance. Let’s explore how life insurance can provide a safety net for freelancers like you.
The Financial Security You Deserve
Life insurance acts as a financial cushion, providing a tax-free death benefit to your beneficiaries that can cover:
- Funeral costs (averaging $7,000-$12,000)
- Outstanding debts, including student loans and credit cards
- Mortgage or living expenses for your loved ones
- Children’s education costs
Calculating Your Coverage Needs
Determining the right amount of coverage is crucial. Use the DIME formula to assess your specific needs:
| Need | Example Calculation |
|---|---|
| Debt | $50,000 in loans |
| Income | $100,000 annual salary x 10 years = $1,000,000 |
| Mortgage | $300,000 remaining balance |
| Education | Estimated college costs: $200,000 |
Types of Policies to Consider
For freelancers, term life insurance is often the best choice:
- Affordable premiums (e.g., $26-$39/month for $500K coverage)
- Coverage for a set period (10-40 years)
- Easy to qualify for, with no medical exam required
Get Started with Life Insurance Today
Securing life insurance doesn’t have to be a complex process. With Ethos, you can obtain coverage in just a few minutes, without the hassle of medical exams. Take the first step toward financial stability and peace of mind.
Don’t wait until it’s too late! Protect yourself and your loved ones today.
Disclaimer: Please fact-check any information with a customer service representative before making a purchase. All prices and details are estimates and can vary based on underwriting.
