Does your job affect your Life Insurance?
- £200k cover for less than £6 a month*
- Your premiums will never increase
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When you apply for life insurance you will fill out a number of questions about your health and lifestyle. This is so that your insurance provider can accurately assess your risk and offer you the correct monthly premium amount for your profile.
Your career is one of the factors considered when filling out an application and certain jobs are regarded as higher in risk than others. If you are employed in a career deemed to involve certain hazards, you may be asked some additional questions and may be offered a higher premium than if you worked in a career considered less risky.
High-Risk Professions
Certain job fields are inherently riskier than others, and if your job is deemed risky you might receive a higher quote than someone in a non-risky job field. This does not mean you won’t be able to receive cover, just that some additional considerations may need to be made and your monthly premium might increase.
It is important not to let lengthier processes or higher premiums deter you. If your job role increases the likelihood of you encountering risk on a day-to-day basis, it is even more important to ensure you are protected in case something should happen. Being insured can provide you with that peace of mind.
Low-risk professions
If you work in a low-risk role, this can mean you are fortunate with lower monthly premiums. However, this does not guarantee a lower premium amount if you are still considered to be a high risk in other areas. Personal factors such as health history, smoker status and hobbies will still play a role in determining your overall premium and so it is important to be transparent to receive the correct cover.
Decreasing vs. level term life insurance
Beagle Street offer both decreasing and level term life insurance. Decreasing term life insurance will decrease over time and is well suited to covering large debts such as a mortgage. The monthly premiums on these policies are more affordable than level term policies but can still ensure your families biggest assets are protected.
Level term life insurance cover pays out a fixed amount of money upon your death and this sum is the same wherever you are in your policy. Level term life insurance can be used to cover fixed costs and means that you know exactly how much your loved ones would receive if you passed away.
If you work in a risker job field, you may find that a level term cover for the duration of your time in employment suits best. This would mean you know exactly what sum you are covered for throughout your time at work.
Critical illness cover
In addition to a life insurance policy, it could also be beneficial to consider adding critical illness cover, in case you become unwell with a range of serious conditions such as cancer, heart attack, stroke, or any of the conditions listed in our Policy Terms and Conditions.
Unfortunately, your bills and expenses wouldn’t stop if you were ever to fall critically ill and it is not always possible to continue working whilst recovering from a critical illness such as cancer. The lump sum paid out on critical illness cover could help relieve some of the financial stress and provide you financial peace of mind whilst you focus on your recovery.
If you are worried about costs
Taking out a life insurance is an excellent investment to protect your future. If you are worried about the cost of your monthly life insurance premiums, Beagle Street can help. We offer a fixed monthly premium, meaning that your monthly payments will never go up for the duration of your policy (unless you request to change your policy), so you don’t have to stress about any unexpected expenses.
Your job can be a factor when assessing your risk and offering you an insurance premium. However, this does not mean you should be discouraged from seeking life insurance. Regardless of your chosen field, life insurance is an excellent means of safeguarding your future and protecting your loved ones. While premiums may be slightly higher for customers in more risk prone careers, it is still a crucial investment and can ultimately provide you with the peace of mind that your loves ones have financial protection, whatever might happen.
To take the first steps towards securing your loved ones’ futures, complete our easy to use quick quote now or call our friendly help centre staff on 0800 048 0480.
Get a quote today or speak to the team
At Beagle Street we’re here to support you through the application process. If you’re ever unsure about any of the questions in the application, we have a team of experts on hand to help.
or call us
0800 048 0480
Included with every Beagle Street policy
Estate planning kit
Accidental death benefit
Early funeral payout
Amazon gift card^
Free Beagle soft toy^
*Based on a 30 year old non-smoker, £200k decreasing term cover for 20 years
^Available only when purchasing a policy directly through Beagle Street. Within 60 days of paying the 2nd monthly payment, the soft toy will be dispatched. The gift card value varies depending on monthly premium. Within 30 days of paying the 6th monthly payment, you will receive an email to claim your e-gift. Full Terms and Conditions