How can self-employed Nevada residents access group life insurance benefits?

Self-employed individuals typically cannot access traditional employer-sponsored group life insurance because they do not have an employer — but several alternatives provide similar group-style benefits.

Professional employer organizations (PEOs) allow self-employed individuals and small business owners to join a larger employee pool, accessing group rates for health insurance and sometimes life insurance as if they were employees of a larger company.

Professional associations, trade organizations, and alumni groups often offer group life plans to members. These association plans function similarly to employer group plans — offering guaranteed issue amounts during enrollment windows and group pricing.

Small business owners who employ at least one W-2 employee (other than themselves in some structures) may be eligible to establish a group plan for their business, which they can then participate in as the owner-employee.

Sole proprietors and independent contractors with no employees typically find that individual life insurance is the most direct and cost-effective approach — often more affordable than group alternatives when individually underwritten. A healthy self-employed individual in their 30s may access excellent rates through individual underwriting.

Agents in our network can help Nevada self-employed individuals evaluate all available options from A-rated (A.M. Best) carriers. Actual premiums and options vary by carrier and individual circumstances.