Sole Proprietor and her/his insurance needs !
As a Sole Proprietor , there are a number of insurance coverages you should examine : life insurance , disability insurance , critical illness insurance and long term care insurance . It would be nice to be covered for all eventualities but that is sometimes cost prohibitive . Here are the needs I feel you should examine . Life insurance : what type , how much and for how long . Life insurance should cover off your debts and provide your family with a standard of living they are currently accustomed to. There is a product out there which can do this for you and the type of coverage you ultimately choose is going to be based on availability of premium dollars . If you get disabled , your business and family are effected . Properly drawn up disability policy will help you through those difficult times . Critical Illness coverage will provide you with a lump sum of cash on a occurrence of a critical illness and 30 day survival . Long Term care is relatively new coverage in Canada which can be of exceptional value . To find out more about these coverages , www.thetkgroup.com . DO NOT EXPOSE YOU AND YOUR FAMILY TO RISK !
