Dangerous Occupations Require Life Insurance And More

(Life insurance is a necessity for the majority of adults with or without children.)

You need to make sure that any of your loved ones will have financial protection in the event of your unexpected death, from insurance salesperson to magazine writer.

Now this is obvious because no one actually knows how or when they could die. It could be a freak accident or a painful disease, but some jobs will pose more risk than others.

The article, "Top 10 Most Dangerous Jobs," posted on insurance.com provides the jobs that may pose the greatest health risks.

These jobs will all have substantial life insurance plans but you need to actually apply for it. The plans will not automatically be included with your employment. It is amazing how some people who have these occupations do not bother to get life insurance coverage, especially when it is readily available for them.

According to the Bureau of Labor Statistics, which takes into account the number of deaths and serious accidents and illnesses reported per capita, the top 10 most dangerous jobs are: timber cutters, airplane pilots, construction laborers, truck drivers, farm occupations, groundskeepers, laborers, police and detectives, carpenters and sales occupations. "It's a fact that some occupations are riskier than others. But no matter what you do for a living, take a look at your life insurance needs. Life insurance can help you financially protect your loved ones after you die."

You may not need insurance if you are single and do not have any dependents but then who will pay for your burial costs? You may also want to get insurance coverage and donate the policy to charity; it's more common than you would probably think.

How much insurance coverage should you get? Then general rule is 10 times your annual salary because that should cover rising inflation, but that is also assuming you have a dependant family. To get a better idea on just how much insurance you should have, you could use an insurance calculator that is accessible and free on a variety of internet insurance web sites.

Now, one more thing to consider, especially if your job is one of the 10 mentioned in this article, is disability insurance."If you work in a high-risk occupation, you probably know how important it is to have disability insurance coverage. But don't rely on government programs such as Social Security and workers' compensation as your main source of protection. In reality, government programs pay only limited benefits under restrictive terms (e.g. you must meet a strict definition of disability to qualify)."

Although your employer may also offer group disability insurance, you should at least get quotes for individual insurance. Individual insurance will most likely be more expensive but you will have greater benefits.

"And keep in mind that if you leave your job or otherwise terminate your relationship with a group, you can't take your disability policy with you, and you usually can't convert it to an individual disability policy. This means that you may be left without disability coverage when you need it most."

So all you carpenters and truck drivers out there, ere on the side of caution and get as much life and disability insurance as possible because you never know what can happen.

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