The purpose of life insurance is to pay dividends to the policyholder’s beneficiaries upon the policyholder’s death. What happens if someone has a high-risk job, such as a firefighter, police officer, or stuntperson? That can seriously affect one’s insurance premiums. Even if your job requires a lot of driving, that could put you at a risk great enough to affect your premiums. That goes for any job that puts you in potential peril.
Other Problems
A high-risk career can not only affect your life insurance premiums but also significantly impact the insurance riders that are available to you. You may, for example, be ineligible for a disability income rider that pays off monthly benefits should you be injured and unable to work.
But It’s Not Impossible!
Even if you have a high-risk job, it’s still possible to have affordable life insurance. Consider term life insurance. You only pay for it as long as you need it. This is perfect if your risky job is just temporary. If your job changes, shop around for a better policy. If your employer provides group insurance, go for it. In any case, see about being able to pay your premiums annually instead of monthly.
Contact Knippenberg Insurance Inc. Serving Cumberland, MD
Buying life insurance need not be difficult, even if you have a high-risk job. If you are in the Cumberland, MD area and need life insurance, please contact Knippenberg Insurance Inc. Our skillful and courteous agents will help you find the policy that’s right for you.
