As overall lifestyle is taken into consideration when applying for term life insurance coverage, one of the principals that underwriters evaluate when deciding to grant approval is your career. Applicants who risk their lives or are subject to potential disability on a regular basis will pay a higher term life insurance premium than the average person in relatively risk free occupations.
Hazardous Occupations
Many people must work in hazardous occupations as their primary source of income. Pilots, aviation or scuba diving instructors or firefighters are a few examples of high risk jobs. As unfair as it might seem, all these professionals can expect to pay higher term life insurance premiums. However, reasonable term life insurance coverage is still possible if you obtain necessary licenses and take safety classes. It is best to ask your insurance carrier about the necessary requirements so that you can meet them before applying for coverage.
Waiver of Premium Rider
For those of you who work in jobs that could potentially disable you physically, you may want to consider a Waiver of Premium Rider. By adding this rider to your term life insurance...
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