Life Insurance for High Risk Occupations

You may have a dangerous job and even if you know that it is dangerous, you still love it. You cannot help but wonder if you can ever get insurance especially when your life is at risk every day. Companies that provide insurance may provide policies to people who have low-risk occupations. There is good news for you: You can still get life insurance provided that there are several factors that you will know about. There are some specific companies that provide life insurance for high risk occupations people. Your options may be more limited but it does not mean that it is impossible.

Different Risks Based on Jobs

There are different reasons why jobs become risky. There are times when your job is known to be dangerous but statistically, insurance companies know that it is still not as risky compared to other jobs available. For example, if you are a policeman, there are more options for you. You can actually consider several options before you choose the right one for you. For another type of high-risk job, however, it would be up to the insurance company to determine the type of insurance that will work for you.

What are the Different High-Risk Jobs?

You may think that you have a high-risk job but is it considered to be one of the deadliest in the world? The list of high-risk jobs change every year but the common ones are the following:

  1. Pilots
  2. Construction Laborers
  3. Policemen
  4. Roofers
  5. Logging Workers
  6. Iron and Steel Workers
  7. Garbage Collectors
  8. Farmers and Ranchers
  9. Truck Drivers
  10. Fishermen and Other Fishing Workers

There are some insurance companies who will flatly deny you from getting insurance if they see that your occupation is one of those that are mentioned above but like mentioned earlier, there are some companies that are completely fine working with high-risk clients.

What companies would do is they would add an extra amount to the amount that you have to pay every month. The extra amount will not be too much. It can be about $1-$5. It will just be enough for you to get insurance without having to spend a lot of money in the process.

There are some jobs that may be considered high-risk by a lot of people but are not normally included in the risk of dangerous occupations. For example, firefighters are not included there although there is always a risk to their lives every time they try to save people (and pets) from burning buildings and establishments.

Choosing the Right insurance Companies

Workers who have high-risk jobs would have to pay more than other people but having life insurance will still be worth it. It should be remembered that life insurance is not meant for the person who has taken the insurance. It is for people that they will leave behind. There are some things you need to remember when picking the right insurance company:

  • Insurance companies may have their own set of high-risk clients and this can change from year to year.
  • It is also up to insurance companies to list down the occupations that they think are high-risk.
  • There are times when insurance companies consider more than a person’s occupation when they are offering insurance. For example, if you are beyond the age of 50, it will be harder for you to get the type of life insurance you feel that you deserve. The current state of your health will also be a huge factor on whether an insurance company will offer an insurance policy or not.

It is best that you choose a life insurance offered by a company or an independent provider that you can trust. This will ensure that you will pick something that can give the needs of your family.

Close Menu