Every occupation has risk, but for the sake of life insurance company guidelines, they differentiate
between those jobs that don’t add risk to your everyday life and those jobs that clearly put you more in
harm’s way than, with a few notable exceptions. From our view at Risk Life the occupation dictates who
we go to for coverage.
I’ve never bothered to dig and find out the source of the good fortune, but I suspect the decree came
from the National Association of Insurance Commissioners, that because of the civic duty they perform
police and firefighters will not be treated as a risky occupation, although I suspect that mortality
assessments would reveal a different story. A gesture of good will to those that protect us.
Active duty military can get standard risk insurance through MetLife if they apply before leaving the
country, with the notable exception of Special Forces, SEALS, etc.
Other occupations that need to be approached creatively are skydiving instructors, flight instructors,
offshore oil workers, commercial fishermen, civilian contractors in war zones or dangerous areas,
private and commercial pilots if they are doing something out of the ordinary such as bush piloting,
banner towing, etc.
Approaching creatively is the key with a lot of occupations and activities. Traditional life insurance
companies are not always the best source to cover the risky part of the picture. Occasionally it’s
necessary to take an exclusion on a traditional policy for the extraordinary risk and couple it with
a policy that only covers that risk from a risk specialty company such as Lloyds of London. This can
generally be done at substantial savings over throwing it all in one package.
With Risk Life you can be assured that we are going to look at your individual occupation life insurance needs from
every angle with our focus being total coverage and affordability.