How to Get Affordable Life Insurance with a High-Risk Job

Everyone should consider getting a life insurance policy, but sometimes these products aren’t as easily accessible to people who work in high-risk occupations. We aren’t talking about office or retail work, either – commercial fishermen, loggers, farmers, linemen, construction workers, and truck drivers are among those with the riskiest jobs in the U.S.

As a consequence, finding an affordable life insurance policy – not to mention qualifying for one – can be an exceedingly difficult errand. It’s not impossible, though. Before we delve into how those in riskier occupations can get affordable life insurance, let’s take a look at why they should be looking for it in the first place.

Why Do I Need a Life Insurance Policy at All?

The truth is that you don’t need a life insurance policy – your family needs you to have one. The average funeral cost in North America is somewhere between $7,000 and $10,000, and chances are your loved ones aren’t trying to find a bargain for your final send-off. A life insurance policy payout can provide a guarantee that whatever kind of arrangements your loved ones want, they will be able to afford them.

Importantly, a life insurance policy can help your loved ones afford the mortgage and other bills when you were the main or sole earner in your household. This can provide your family with relief knowing that they can continue to afford their basic needs and focus on their grieving.

How Can I Get Life Insurance If My Job Is Considered Risky?

If you work in an industry or profession that disqualifies you from life insurance or only qualifies you for policies with expensive premiums, there are a few things you can do to mitigate these circumstances.

Exclude Your Job from Coverage

Some life insurance companies will let you purchase a policy if you exclude your job as one of the causes of death that would lead to a payout. This can be an important option to consider if you aren’t too concerned about dying on the job, but rather from an unexpected incident outside of work.

Find an Insurer with Its Own Insurer

Reinsurance – the process of one insurance company insuring another provider – exists and can help you find a life insurance policy provider willing to offer you coverage. This means the insurance company you’re dealing with has its own policy from another company that insures against high-risk circumstances.

Consider a Brief Career Change

If you can’t find a life insurance policy that works for you and your job right now, there may be a way around it. Life insurance policy coverage endures in spite of health and lifestyle changes as long as the contestability period lapsed, the application was truthful, and premiums are paid in full and on time.

Not even dramatic changes in your health or taking on a high-risk job can affect coverage if all of these are true. So, securing a life insurance policy while you’re employed in a less dangerous job can mean you’ll be covered if you transition to a high-risk profession later on.

Get Help from Our Specialists Today

If you’re looking for a life insurance policy that’s right for you, turn to Insurance Specialists Inc. for assistance. We can help you find and qualify for the policy that can protect you and your loved ones during uncertain times.