How to get life insurance with a high-risk job?
The heightened risk associated with your profession should be all the more motivation to seek coverage for your loved ones. The life insurance company would be taking a risk by insuring you, but you take on a greater risk by being uninsured.
The best way to ensure you are obtaining the best policy for you is to shop around. There are many policies with different requirements and guidelines that may apply to your specific situation. For example, if you are getting declined when applying for traditional life insurance policies, you could consider a no medical exam policy. These tend to be more expensive but will allow for easy approval.
It is important to be honest during your application. While lying about the risks associated with your profession may be tempting, you will face dire consequences if you are caught, which you likely will be. A great way to obtain an affordable policy that best suits your situation is to attain the help of a life insurance agent. Clearly communicate the nature of your work with them, so they can help you find the best life insurance for you. For more information try reading our blog about the cheapest life insurances in Canada.
Contact Protect Your Wealth today to find the best life insurance to obtain the right amount of coverage even with a dangerous occupation.
How to save on life insurance if you have a dangerous job?
Even if you have a dangerous occupation and are deemed high-risk by the life insurance company, you are not disqualified from competitive life insurance rates. A few things you can do in order to obtain the best possible rate is:
- Work with an independent broker
- Ask for reconsideration
- Pay your premiums annually
Finding the right life insurance for you
How your occupation may affect your life insurance premiums or chance at approval will differ from case to case. Those with more dangerous professions will be deemed a higher risk and more difficult to insure. One of the best ways to find the right life insurance policy is to obtain the help of a life insurance agent.
At Protect Your Wealth, we work with and compare policies and quotes from the best life insurance companies in Canada to create the best solution for you and your needs. We’ve been providing expert life insurance solutions since 2007, including no medical life insurance, term life insurance, and permanent life insurance, to build the best package to give you the protection you need.
Contact Protect Your Wealth or call us at 1-877-654-6119 to talk to an advisor today! We’re proudly based out of Hamilton, and service clients anywhere in Alberta, Ontario and British Columbia, and Ontario, including areas such as Edmonton, Mississauga, Stoney Creek, and Victoria.