Having a life insurance policy is a great thing, and it is very likely that you have already considered buying one before.
In many cases, people believe that if they have a risky occupation, such as a law enforcement officer, contractor, or electrician, they will be forced to pay higher premiums in order to cover that increased risk.
The good news is that this is not always the case and electricians and like occupations can obtain life insurance at normal rates with standard terms.
Those who work in “high risk” occupations often believe that their occupation weighs very heavily on their life insurance application.
The truth is that, although life insurance agents will want to know what you do for a living, your occupation is just one small part of the equation agents look at to determine your premium payment.
If you have concerns about how your occupation will affect your ability to obtain life insurance, the knowledgeable team at Genesage is ready to help.
Why Having a Life Insurance Policy is Important
We may sometimes ask ourselves, “Do I really need an expensive life insurance policy?” Even though there is a cost associated with having life insurance, the benefits highly outweigh that cost. Single individuals or those without families relying on them often don’t think they need life insurance.
Having a policy, even if you do not have a family, is a good idea to help cover final expenses, such as burial expenses, and any outstanding debts you may have such as a mortgage, credit card, or other bills.
Those whose families rely on their income should strongly consider obtaining a life insurance policy. Have you ever considered how your family will pay the bills and keep up with the expenses should your income go away?
This is why having a life insurance policy is so important. Not only will the policy help to pay your final expenses, it will also help to pay the household bills for your family when your income is no longer available. Having this peace of mind for you and your family is priceless.
Supplemental Life Insurance
Some companies offer their employees life insurance and some of the policies they offer are very comprehensive. Even if your employer offers you a great life insurance policy, you should still consider taking out a policy of your own to supplement what is being provided.
Should you lose your job or change jobs, you will not be able to take that employee life insurance policy with you. Having a supplemental life insurance policy will keep you and your family protected regardless of your situation.
How to Get the Best Deal on Your Life Insurance Policy
There are many, many insurance providers out there, all offering the same or similar products with all different price tags. When you are looking to get the best possible deal on your life insurance policy, it is important to shop around these different providers, especially if you are working in a “high risk” occupation.
Some insurance agents may view being an electrician as far too risky and slap you with high premiums while another may not weigh occupation as heavily and offer standard terms.
The professionals at Genesage can help you to find an insurance company who will be happy to work with you and will arrange a life insurance policy that meets all of your needs. Often, we can help you compare policies and prices to find the right fit for you and your family.
The team at Genesage is always ready to answer your questions and will work hard to find you a life insurance policy that not only meets all of your needs but will also be affordable enough to fit your budget, regardless of your occupation.