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Information about all aspects of finances affected by a serious health condition. Includes income sources such as work, investments, and private and government disability programs, and expenses such as medical bills, and how to deal with financial problems.
Information about all aspects of health care from choosing a doctor and treatment, staying safe in a hospital, to end of life care. Includes how to obtain, choose and maximize health insurance policies.
Answers to your practical questions such as how to travel safely despite your health condition, how to avoid getting infected by a pet, and what to say or not say to an insurance company.

Self Employed: Life Insurance


Despite your health condition, you can still buy life insurance.

Life insurance is an excellent source of money for the following purposes:

  • To provide money for your loved ones (either as a lump sum or in payments over time).
  • To pay for a funeral.
  • To pay any debts you may have at the time of your death.
  • To provide you with a source of money while you are still alive. In addition to any features built-in to the policy such as a savings feature known as "cash value," you may be able to sell the policy and get cash now either through a process known as a Viatical Settlement or a Senior Settlement. In case you want to obtain money from a life insurance policy by selling it, it doesn't matter whether the policy is permanent such as Ordinary life, or term (policies that do not have a savings feature). To be salable, any policy you buy should:
    • Be issued by a company with an A or A- rating.
    • State that ownership of the policy can be transferred (is "assignable") - or at least doesn't state that it cannot be transferred.
  • For more information about obtaining money from a life insurance policy, click here

In addition to the normal sources of life insurance, perhaps you can buy it through a group or association of other self employed people. For more information about buying life insurance, click here

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