Life Insurance

A general contractor in Sacramento died unexpectedly at 52. Heart attack on a Sunday morning. He left behind a wife, two kids in college, and a construction company with three active projects. Without life insurance, his wife would have faced impossible choices. Sell the company under pressure at a fraction of its value. Somehow complete projects she knew nothing about. Use their retirement savings to cover business debts. A $2 million life insurance policy gave her time, options, and resources. She hired a manager to complete the projects, sold the company properly over six months, and kept the family financially stable.

Life insurance for contractors serves purposes personal policies often miss. Income replacement protects your family if you're the primary earner. Business continuation funding helps partners or family maintain operations during transition. Key person coverage replaces critical employees whose death would damage the business. Buy-sell funding provides cash for business partners to purchase a deceased partner's interest.

Construction work creates health and life insurance challenges. Underwriters view construction as higher risk due to workplace hazards. Rates can be higher than for office workers. Some carriers decline coverage for certain trades. We work with carriers who understand construction and price it fairly rather than simply declining or overcharging.

Term life provides affordable protection for specific periods. A 20-year term aligns with years until retirement or until children finish education. Permanent life insurance costs more but builds cash value and lasts your lifetime. The right structure depends on what you're protecting against and for how long.