As a contractor, you take the risk and don’t receive the perks associated with permanent employment, but have you ever thought about what happens if you were to die prematurely? Life insurance (or life cover) is all about making sure your dependents are provided for, even if you were no longer around. Finding the right insurance cover as a contractor is all down to you.
The simple fact is life insurance is not sexy. It’s not fun to talk about and it’s definitely not a process anyone enjoys. However, much like death and taxes, buying life insurance is an essential part of life and a crucial element of sound financial planning.
