1099 & self-employed
Life insurance when you're your own employer
Independent workers don't get a benefits packet. No group life, no automatic disability plan, no employer match, which means the protection plan has to be built on purpose.
Calculate My Protection NeedPortability matters more
Individually owned coverage travels with you between clients, contracts and business structures. That's the core structural difference between personal coverage and employer group coverage.
Income is lumpier
Use a realistic average of the last few years rather than your best year. In the calculator, consider a longer replacement horizon if your household depends heavily on one earner.
Personally guaranteed debt
Business lines of credit, equipment loans and leases are often personally guaranteed. Those balances belong in your debt layer, because your family may inherit the obligation.
Retirement without a match
There's no employer contribution filling gaps in the background. Life insurance is not a retirement plan, and no product guarantees retirement income, but it's reasonable to review protection and long-term savings together with a licensed professional.
This calculator provides an educational estimate based on the information you enter. It is not an insurance quote or recommendation and does not determine eligibility, underwriting, premium, policy performance or coverage availability. Actual insurance needs and options should be reviewed with a qualified licensed professional.