There are a lot of things that you need to consider when it is time to be self-employed. One thing that you may put off for some time because it is expensive or you don’t know where to start in getting it is insurance. You want to make sure that you are covered well and won’t have some big expenses along the way, but if you are just starting out the business, you may be worried about whether it is going to fit into the budget that you make for your apartment. 

One type of insurance that you should choose is term life insurance. If you have a spouse and kids who rely on the income you make from your business, then you need to consider term life insurance to help cover them financially if you die unexpectedly. No, that is not a lot of fun to think about, but you don’t want to leave your family with no income if they lose you. This type of insurance will step in and help. 

Term life insurance is often the best because it will provide you with coverage for a specific amount of time. If you die during that time, then the family will get a payout from the insurance, and if you don’t, then the policy will lapse at the end of the time. It is a better value, and a lot less expensive, compared to going with whole life or some of the other types of life insurance that you can choose. 

When you purchase this kind of insurance, make sure that you go with a policy that is about 10 to 12 times your annual income. This can be hard to figure out when you are self-employed because you will find that no two years are going to be the same. But take a look at what you made over the past few years and then come up with a good estimate to figure out how much you should put aside for your life insurance to make sure that your family has coverage. 

Socialization is so important when you are going to college, and finding an apartment that allows you to be around other students and close to your classes can be key to getting the most out of your college experience. We welcome you to come check out our four-bedroom apartments near Napa Valley College to provide you with a comfortable and safe living environment for all your needs. With lots of space, a location close to the college, and amenities that every college student needs, we are confident you will feel right at home when you visit.