Start with the income your household uses
Business revenue and household income are different figures. Look at what you bring home after business expenses and taxes, how much the household relies on, and how stable that amount has been.
If earnings vary, review several years and think about what a realistic support plan would require. A strong month on its own isn't much of a planning baseline.
Check what changed when you left employment
If you previously had workplace life insurance, find out whether it ended, continued, or could be converted to another policy. Any continuation or conversion option may have a deadline and specific conditions.
If you're still considering a move into self-employment, review those benefits before your final day.
Separate the family and business questions
Your household may need money for housing, care, and living costs. The business may have loans, partners, or obligations of its own.
List them separately. Check whether money from a business-owned policy would actually be available to support your family before counting it in a personal estimate.
Consider a different risk as well
Life insurance primarily addresses an insured death. Disability insurance addresses a different problem: being alive but unable to work because of a covered illness or injury. The definition of disability, waiting period, and benefit period matter when comparing that protection.
Bring useful numbers to the conversation
Have your existing policies, household expenses, recent income records, and loan commitments nearby. An insurance professional can help turn those details into options that fit the way you work.