Skip to main content

The gig economy and life insurance

It takes minutes

Temporary work, contract jobs, seasonal jobs, freelance, piece work, driving for Uber, selling on Etsy, etc. The gig economy has been around for ever. Whether it is picking apples for the season, working the slopes at mission ridge, to being a contractor at a server farm it is easy to fall into a gig career path. About a third of the American workforce has found themselves bouncing from short term job to short term job. While the pay can be good temporary, what about the long term?
A policy for everyone

When was the last time that you met someone that retired after working from the same job for 40 years? On average, you will change jobs times 12 times in your lifetime. What happens if the next company doesn't offer a plan? We have seen companies terminate life insurance policies for retirees. Do really want to leave your family high and dry for a short term job?

What happens when you die? Your bills don't go away. A majority of adults say a funeral service helps in the grieving process. Young adults have turned to crowdfunding 17% to help pay for funerals in recent years. The sad fact is crowdfunding campaigns reach their goals less than a third of the time. Instead of mourning, people are turning to hustling and compounding the tragedy and failing.

We have been working with helping people with health insurance for seven years in Central Washington. We are small business owners, we are outside the big corporations and  use products to support our family's lifestyle for the long run. Since we work with a large population that do not have health insurance from their employer, it was no surprise to see a lack of Life Insurance protections as well. We have been to more than one funeral that the family was struggling to pay for. We went looking for a way for our neighbors to easily shop and secure a policy. We found a easy to use Life Insurance exchange.

Log on and answer a few questions. 

It will ask you for your:

  • name
  • gender
  • how healthy
  • height & weight
  • birthday

Then you shop.

If you need a term policy to cover things like a mortgage, make sure your kids can go to college, business loans are covered, or general bills then great. The average american is running around with $38,000 in debt and leaving your spouse paying the bills without your income sucks. Term policies are generally lower priced. You may even have the opportunity on some policies to skip the nurse's appointment for a few dollars more.
You are more important than you think.

If you want a permanent policy then you are looking at some great financial tools. These are for the people that are planning long term. Personally our family has taken loans against a permanent policy for down-payments to move and even bury a loved one that did not have a policy! The basics:

1. Accumulation IUL is our highest cash value policies.
2. Final Expense is a no exam policy for people between the ages of 40 and 85.
3. Guaranteed UL has little to no cash value.
4. Protection IUL is a death benefit focused policy with cash values that grow based on the S&P.
5. The Universal Life has a Long Term Care rider!

These are A rated companies. Feel free to go and compare prices, we have people do that all the time and come back. Life Insurance is tax free money that beats asking on a cardboard sign. Since we have an office in Wenatchee, you can even grab an appointment or stop in and ask questions. Go over to Facebook and ask us a question. We are an HR office for everyone that is wanting to get ahead in this gig economy.


Popular posts from this blog

Enrollment Centers in Washington State are unique as people are able to get help with out extra charges.

We provide Statewide help for the Washington Health Benefits Exchange. Consumers get no cost help in selecting and enrolling in health and dental plans through the Washington Healthplanfinder. There is wi-fi available. 

As a bonus, the broker partners may provide additional assistance with additional insurance products such as Medicare, Supplemental and Life Insurance products so ask. At Wenatchee, we upload documents, notarize and do our best to assist our clients in effectively using healthcare.

Broker Affiliated Enrollment Centers

Suzie Health Insurance
1630 N. Wenatchee Avenue, Ste. 18, Wenatchee, WA 98801
Schedule an appointment

Rice Insurance
1400 Broadway Street, Bellingham, WA 98225

The Advisor Benefits Group
5101 W. Clearwater Avenue, Ste. 100, Kennewick, WA 99336

2020 Healthcare Open Enrollment and Low cost plans.

Open Enrollment is November 1st through December 15th. Outside of that time frame, it requires a special documented reason.

We have been helping people enroll into plans on the Washington Healthplanfinder with out charging fees since the first Open Enrollment. Insurance is expensive and complicated. Not everyone has been trained by the Insurance Companies how their plans function nor went through the education and licensing for a Insurance Producer in Washington State.

Just as last year, there are a lot of little or no cost plans available. When I say a lot I mean that the people in charge of (Centers for Medicare and Medicaid Services) put out a report stating 2/3 will be able to purchase a plan for $10 or less. An analysis Thursday from the consulting firm Avalere Health found that low-income residents in 96% of counties served by can find a basic "bronze" plan at no cost to them, factoring in subsidies. Bronze plans are skimpy, but experts sa…

1095 Forms, Do I need to file my taxes?

Hey, this is the 3rd year that we have been the Full Services Enrollment Center for the Washington Healthplanfinder. We don't charge a bunch of fees and you get access to extra services. Since it is tax season then you should know we help with 1095 Forms! Yes, we will print one out for you at our office if we are connected to your account.

Tax season is officially from January 27th to April 15, 2020. If you receive tax credits or Washington Apple Health then you need to file your taxes with the IRS. If it is not filed or filed incorrectly then the Healthcare Authority can revoke the tax credits. Yes, I have heard from more than one person that thought that they were saving money by not filing which created massive problems. The worst problems that I heard was they went the next year without healthcare!

If you are a tax professional then let me know and I will add you to this list. A person can be a paid tax return preparer as long as they have an IRS Preparer Tax Identification N…