Life and disability insurance and wills are things most of us don’t like to think about–they’re too potent a reminder of our own mortality. In the New York Times business section, a freelancer shares her perspective on these issues. M. P. Dunleavey and her husband have a child, making it particularly important that they have life and disability insurance. As one financial advisor tells her, she is “many times more likely to become permanently disabled before age 65” than to use her life insurance policy. (The author gets disability coverage through Freelancers Union.) Especially with a child, a mortgage, or other other ongoing expenses, it’s important to have disability insurance. Having health coverage is crucial, of course, in the event that you’re injured or get sick. But disability insurance ensures you’ll be able to keep paying your health insurance premium, and maintain coverage, even if your income is interrupted.
A statement from Malik revealed little else except for a heart-felt ‘goodnight.’ Gigaom, one of the top tech news sites, suddenly shut down last night. This hurts more than I can say: I was just told Gigaom is shutting down — it has run out of money. We tried our best, but it wasn’t enough. The news underscores the seeming fragility of content publishing online—especially given the suddenness and finality of the decision, and the amount of investment that backed Gigaom. The site raised an $8 million round in early 2014 led by Shea Ventures, just as founder Om Malik decided to leave the company to join True Ventures as a partner. Staffers took to Twitter to relay the news. The nature of the tweets suggest the shutdown was a surprise. Walborsky left Gigaom in September 2014. “Our growth will never be the growth of big media companies,” then-CEO Paul Walborsky told Folio: in early 2013, describing a strategy embedded in the company from the start. “Pageviews grow exponentially, but advertising only grows with GDP. Put those together and ad revenues are limited. Given those limitations—never reaching 100 million uniques and declining ad rates—we need to do more than ad revenues. What we’re building is not pageviews, we’re building long-term relationships with the audience.” The site later confirmed the news with its own post, adding that it was unable to pay its bills. Bankruptcy is not being considered as an option. “We do not know at this time what the lenders intend to do with the assets or if there will be any future operations using those assets,” says the statement. “The company does not currently intend to file bankruptcy.” — Mathew Ingram (@mathewi) March 10, 2015 As of 5 pm today we are owned by trustees (SVB). They are in charge of our payments and our events. — Stacey Higginbotham (@gigastacey) March 10, 2015 Nevertheless, like many other sites of its scale—the site claims 6.5 million monthly visitors—Gigaom diversified from a strictly ad-supported model by launching a series of events and a subscription-based data service.