What Jobs Require The Highest Life Insurance Policies?

No matter if you are a fireman or an accountant, you are always at some risk regardless of profession. Of course, some jobs pose bigger threats than others, but what does this exactly mean to you? This means that beyond the obvious dangers of the work, the riskier your occupation is, the higher the insurance rates. While it’s understandable that life insurance isn’t for everyone, if you have children or dependents, then there is no question but to invest in life insurance. There are a lot of practical benefits to life insurance but one of its best perks is that it provides you and your family a peace of mind.

How is Danger Measured?

There is a lot that goes into insurance companies’ policies, but one of the factors they consider is the riskiness of your occupation. So how is the “danger” of your job exactly measured? According to the Bureau Labor of Statistics, the analysis of how dangerous your job is based on fatality frequency, fatality rates and index of relative risk of your occupation. A common pattern within dangerous jobs is that most of them are outdoor occupations. When you are not in an office, factory or a controlled environment, you are exposed to all around higher risks. The top ten most dangerous jobs based on frequent fatality are the following:

Fishers
Timber cutters
Airplane pilots
Metal workers
Farmers and ranchers
Roofers
Electrical power-line installers
Drivers/sales workers and truck drivers
Reuse and recyclable material collectors
Police and sheriff’s patrol officers

Given that these professions have high fatality rates, their insurance companies will charge higher premiums. It makes sense since a typical fisherman is exposed to the everyday dangers of drowning and getting injured by equipment. Even though it may be costly, if your spouse, children, parents or business depend on your income, then life insurance is a necessary investment. The good thing is that insurance policies differ from company to company so it only makes sense to look around at your options to find the best rate and policy. Like a right pair of jeans, life insurance is about how it best fits you and your family.

Concerns about High Prices

If you are concerned about high prices, work with several life insurance agents who have experience with clients who are in the same profession. Every agent and company will have a different style and it helps to find those who know what he or she is talking about.