Life Insurance for People in High Risk Occupations
Look Who Can Be Covered!
The chart below is only a portion of the main medical and professional issues we have been able to cover at a very reasonable rate. Give us a try and get the plan you deserve at an affordable price.
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Race Car Driver |
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Chemical Operator |
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Lineman |
Professional Jockey |
Professional Athlete
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Construction Industry |
International Travelers |
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If you are having trouble getting life insurance because of your significant health history or because you are involved in hazardous work or activities, then we can help you. We will do our best to find an special risk insurance carrier that looks at your individual needs quickly and accurately.
Coverage For Just About Anyone at Great Rates!
Have you been told that you could not get life insurance and thus were uninsurable because of your job or occupation? Have you been denied insurance in the past? Has your policy been rated. Are you paying very high premiums for your present plan?
Working with Higher Risk Life Insurance.
As overall lifestyle is taken into consideration when applying for life insurance coverage, one of the principals that underwriter's evaluate when deciding to grant approval is your career and occupational risks. Applicants who risk their lives or are subject to potential death or disability on a regular basis will pay a higher life insurance premium than the average person in relatively "risk free" occupations. who can be covered?
Hazardous Occupations
Many people must work in hazardous occupations as their primary source of income. Pilots, aviation or scuba diving instructors or firefighters are a few examples of high risk jobs. As unfair as it might seem, all these professionals can expect to pay higher term life insurance premiums. However, reasonable term life insurance coverage is still possible if you obtain necessary licenses and take safety classes. It is best to ask your insurance carrier about the necessary requirements so that you can meet them before applying for coverage.
Waiver of Premium Rider
For those of you who work in jobs that could potentially disable you physically, you may want to consider a "Waiver of Premium Rider." By adding this rider to your life insurance policy, your premiums will be waived should you become totally disabled. This type of rider is ideal for those who work in jobs such as metal or iron work or any hazardous occupation where you have to deal with chemicals, fire or specialized machinery.
Usually waiver of premium riders change along with any term life insurance policy premium changes (such as an increase due to age). The waiver of premium rider terminates on the renewal date closest to your 60th birthday.
Choosing a Life Insurance Carrier
If you work in a hazardous occupation, it is important that you do you due diligence when choosing a term life insurance carrier since you are in the "high risk" category. Not only should you make sure to choose an A or A+ rated, but it is also important to check what kind of "mortality table" the carrier uses. Mortality tables help determine the premiums you pay by measuring what kind of risk you are. Many term life insurance companies use older tables, for example, on 30-year old data. If your insurance company stays up-to-date they will employ a method called "clinical medical underwriting." This method takes into consideration all the current medical advances and lifestyle choices that allow people with medical/disability problems to live long and productive lives.
Getting several quotes for insurance policies will ensure that you get the best term life insurance rates and coverage. Why pay more than you already do working in a hazardous occupation?
BEWARE - Just like with your credit report, every time you get turned down or rated for insurance it shows up on your MIB report (Medical Information Bureau. More on MIB). What goes on that report is important. You want to avoid certain bad marks as much as possible as it may negatively affect, reduce or eliminate your impaired risk life insurance options. We cannot guarantee that you will not be declined, but our prescreen system allows us to find companies that are interested in approving you.
NOTE: While most cases are approved after application we do not guarantee that you will be approved for the plan applied.If declined, we may offer you alternative plans for the same or lower value and if available, some individuals who are declined can sometimes reapply at a later date. Also, most companies will give you or your doctor full reasons and medical findings upon request. Also note that for people traveling to some countries considered high risk, no plan may be available at all. Crohn's Disease
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