My dad is a pilot by profession. And I learned that my dad’s profession is considered high risk in Birmingham, Alabama. With this, he is paying higher life insurance rates as compared to others. Why is that?

Tina

Birmingham, AL

In general, life insurance companies consider a person’s lifestyle in setting their life insurance rates. And one of the main factors that insurer consider is a person’s occupation. Policeman, scuba diving instructors, fireman, soldier, and pilot to name a few are professions that are considered to be riskier to be insured. They are commonly called as hazardous occupations.

Since your dad’s profession in Birmingham, Alabama is considered a hazardous occupation then it’s only normal to expect a higher life insurance rates. That is because the kind of work a person has affects his or her health thus affecting one’s life expectancy. It is strongly advisable for a person with hazardous occupation to carefully choose his/her term life insurance carrier. A life insurance company with rated A or A+ should be taken into consideration and also the mortality table that the carrier uses. The mortality table helps set the life insurance premium a person will pay depending on the risk he/she poses.

For more information about life insurance quotes, you can ask your life insurance agent or check the websites so you could compare term life insurance quotes.

Tags: hazardous jobs life insurance, insurance advice, life insurance