Not many dare discuss about death.
The topic is too sensitive to them, some even cringe and feel uncomfortable hearing the word. To most of us, death equals loss. It is seen as the end of life, and not a part of it.
Yes, it is true that it is the terminal point of existence. However, it is still a vital part of life itself.
Just like any other facets of life, we have to be more accepting to the idea that we need to prepare for it.
The 10 Most Hazardous Occupations Needing Life Insurance
Most of us choose jobs that would less like to put ourselves in prejudice. We want to be as far from harm as possible.
While some of us comfortable keeping a far distance from jeopardy, a few men and women are brave enough face danger on a day to day basis. It is part of their job.
When you are exposed to danger daily basis, you are in need of a life insurance more than anybody else. There are circumstances in our life that are beyond our control.
If you ain’t got a reasonably priced life insurance, you might as well consider some other occupation. High-risk jobs can be a big red flag to insurance companies. This does not mean, however, that all insurance providers will refuse to draft you a policy.
As cited by Clark.com, This is the tally of the ten most dangerous occupations in America in no particular order:
- Loggers – 91.3 deaths per 100,000 workers
- Aircraft Pilots – 50.6 deaths per 100,000 workers
- Truck Drivers – 22 deaths per 100,000 workers
- Refuse and Recyclable Collectors – 33 deaths per 100,000 workers
- Extraction Workers – 26.9 deaths per 100,000 workers
- Farmers – 21.8 deaths per 100,000 workers
- Power Line Technicians – 21.5 deaths per 100,000 workers
- Commercial Fishers – 75 deaths per 100,000 workers
- Roofers – 38.7 deaths per 100,000 workers
- Construction Workers – 17.7 deaths per 100,000 workers
Defining High Risk
Hazardous jobs affect how one can get a life insurance.
Some companies shun from these individuals. There are still those insurers, however, who do not turn their backs to these people. Perhaps they know that these individuals need life insurance policies the most.
Insurance companies do not just tag a job “high risk” because they wish to or out of gut feel.
These companies will have to perform some evaluation on the kinds of risks these workers are exposed to. This is one way of determining what kind of policy to offer them and what premiums will be charged on these policies.
Aside from occupational-factors, they will also assess risks related to health and lifestyle. They will be able to estimate the life expectancy of an individual based on this data.
There are jobs that carry obviously higher risks of fatality. These are also those that are not particularly dangerous in their nature, however, the worker may be exposed to conditions that can become potentially hazardous.
Data pulled from the Bureau of Labor Statistics and other reputable sources help insurers identify an occupation’s risk level. Some companies will also review their internal information to review whether certain occupations expose its workers to potential danger.