High-risk jobs and insurance
Working a dangerous workplace is a good cause to consider insuring your life
. The Bureau of Labor Statistics states that a job might be considered dangerous if the ratio between deaths and the total number of workers in the field is too high. According to the statistics the most dangerous jobs today are as follows::1. Fishers and related fisher workers
2. Logging workers
3. Aircraft pilots and flight engineers
4. Structural iron and steel workers
5. Farmers and ranchers
6. Roofers
7. Electrical power-line installers and repairers
8. Drivers/sales workers and truck drivers
9. Refuse and recyclable material collectors
10. Police and sheriff's patrol officers
Do you have your life properly insured?
It's not big news that some jobs are more hazardous than others. Still, regardless of what you do to make a living you should look into your insurance needs. Insuring your life can be a very good financial instrument to keep your family protected in case something happens to you. If you do not have a spouse, children or other dependents life insurance may be unnecessary. But if you have someone that depends on you then buying an insurance policy may be a very good decision. Consider insuring your life in case any of the following applies:
* You aren't single and your partner depends on your income
* You have kids
* You have a relative or parent that depends on your income
* Your savings accounts and retirement funds won't be enough to support your dependents in case you die
* You have a large estate and expect to owe estate taxes
* You run your won business
* You want to make a donation through life insurance proceeds
Determining the right amount of coverage for your life insurance policy is not hard. There are numerous calculators and worksheets available on the web. And if you need additional consultations you might want to ask your insurance agent or broker.
Are you covered in case of disability?
Those who work at high risk jobs know quite well that having disability insurance is very important. However, in most cases hoping for adequate compensation through social security or workers compensation isn't the best thing to do. Fact is that even the government programs have limited compensations that are provided under strict limits. And if you don't fall into a specific category you may be left with no coverage at all.
Some employers, especially at high risk occupations, offer Death & Dismemberment Coverage under group policies that will cost you less or even won't cost you anything at all. Still, you may want to purchase an individual policy as well because group plans tend to have lower coverage amounts and less room for individual adjustments. Moreover, if you leave the current workplace your coverage will be terminated and you won't be able to convert it into an individual policy.
Shop around to get what you need
Start off with comparing life insurance quotes from different providers. There are a lot of different insurance companies out there and each of them carries its own conditions, coverage amounts and rates. Outline your insurance needs and compare life insurance quotes on similar policies from different providers - you will definitely find a very attractive offer.
High-risk jobs and insurance
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