Dangerous Jobs Life Insurance

Occupational Hazards And Life Insurance

How can the risks of your occupation influence whether or not you can take out life insurance and what you will pay?

For many people, just going to work every day and performing their everyday duties can greatly increase the chance of them suffering a serious injury, needing time off work, becoming totally and permanently disabled or loosing their life. Construction workers, offshore fishermen, police officers, electricians, pilots, loggers, farmers, firefighters and underground miners are just some of the occupations which are typically classed among the riskiest jobs.

However, just because you work in one of these professions doesn’t necessarily mean an insurer will automatically class you as high-risk applicant. From the type of work you do to the type of machinery you use, a range of factors come into play when determining just how dangerous your occupation actually is.

Some factors that may be considered by insurance companies:

  • If you work high off the ground, such as cleaning windows or helping to build large buildings, you might be considered high risk.
  • If you work with explosives, or around dangerous chemicals, then you’re likely to be considered a higher risk. The closer you work with them, the higher the risk.
  • If you work underground, such as mining operations, that’s a high risk.
  • If firearms are part of your job, then you’ve made the risk-list as well.
  • Members of the armed forces are on the list, for obvious reasons.
  • Any journalist, cameraman, photographer, etc who works war zones is also on the list.

What is generally automatically excluded from cover?

  • Active engagement in war
  • If you take part in acts of terrorism, strikes, rioting, insurrections, a coup or criminal activity and your insurance company finds out, they’re going to reject or cancel your policy
  • Suicide in the first 13 months of cover
  • Claims related to drugs or alcohol
  • Self-inflicted injury or harm

What hobbies and sports may be excluded from certain policies?

There are quite a few dangerous, yet very popular, hobbies and sports which will raise red flags with insurance companies. These will include:

  • Involvement in most motor sports
  • Inherently risky hobbies like hunting, polo and racing
  • “Thrill seeker” hobbies like bungee jumping, hang gliding and sky diving
  • Rock climbing and mountaineering
  • Scuba diving without and instructor when you’re not qualified poses and obvious risk, as well as a red flag
  • Professional sports, especially as they get more violent. This should pretty well go without saying

Find life or income insurance with cover for high risk activities

Compare Life insurance quotes from these direct brands

Rates last updated December 12th, 2017
Name Product Maximum cover Maximum Entry Age Minimum Sum Insured Guaranteed Future Insurability Expiry Age Short Description
$15,000,000
69
$0
Yes
99
Get a quote for up to $15 million in life insurance cover. Cover can be tailored to meet your personal needs.
$1,500,000
65
$3,000
No
80
Choice of cover options and flexible premiums to suit budget. No lock-in contracts and fast application.
$1,500,000
65
$100,000
Yes
99
Receive a discount of 10% on life insurance as a Woolworths Rewards Member. T's and C's apply.
$2,000,000
59
$50,000
Yes
99
Get flexible life insurance up to the sum of $2,000,000.
$1,000,000
64
$100,000
No
Get a refund of 10% of the premiums you've paid (in the first 12 months) with The Real Reward™ .
$1,500,000
69
$0
Yes
99
A simple life insurance product that can offer up to $1,500,000 in a lump sum payment on death or diagnosis of terminal illness.

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William Eve

Will is a personal finance writer for finder.com.au specialising in content on insurance. While he cannot give personal advice to clients, Will enjoys explaining the intricacies of different types of protective cover to help individuals and businesses find affordable cover that won't leave them underinsured.

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