We have all considered obtaining life insurance at one point or another.
Regardless of our occupations – secretary, school teacher, or roofer – we have all had those moments where we ask ourselves if we should have life insurance and what it may cost.
Electricians are no exception to these feelings and since they have a higher risk occupation, they often dread the thought of high premium payments. Electricians run the risk of falling from great heights and, of course, being electrocuted every day.
Those who work at electricians believe that insurance agents will take one look at their occupation and increase their premium payments to sky-high prices. The truth is that, even though insurance companies will evaluate the risk of your occupation, they will also take into consideration a number of other factors – your occupation is just one small piece of a much larger puzzle.
If you are an electrician and are concerned about what your premium payments may be, the knowledgeable team at Claybrooke can help to answer your questions and ease your uncertainty when it comes to choosing life insurance.
Reasons to Obtain a Life Insurance Policy
Many people find themselves asking, “Do I really need a life insurance policy?” or “Will I ever really use it?” Often these questions are asked by young professionals who may not have a family relying on their income.
Even if you do not have a family to support, having a life insurance policy is a great safety blanket to ensure your final expenses like funeral costs, credit cards debts, mortgages, and other debts are paid off. Even a small policy can mean a big difference should the unthinkable happen.
For those who do have a family relying on their pay checks, having a life insurance policy is a great way to ensure your loved ones will have the financial support they need should you not be around. In this situation, it is important to choose a policy that will cover your funeral costs and final expenses as well as help to pay the family bills since your income is no longer available.
Knowing your family is financially protected even in the worst situation can put your and your family’s minds at ease.
If I have Life Insurance though My Employer, Do I Need another Policy?
Many companies will offer life insurance policies to their employees and some of these policies are actually quite good. Even if the policy your employer provides covers everything you need, you have to keep in mind that that coverage will not come with you should you leave to company and find another job.
Having an additional, separate life insurance policy can insure that you and your family are covered at all times, even if you are between jobs or starting at a new company.
Getting the Best Price for Your Life Insurance Policy
Not all insurance companies are created equal, which means that each of them will have different prices when it comes to obtaining a life insurance policy. Everyone wants to keep their premium payments low, and there are some things you can do to have a positive impact on your payments.
Most importantly, being a non-smoker and being in good health is always a great way to get a good deal on life insurance. Additionally, staying away from other risky behaviour, such as extreme sports, will help to keep premiums lower.
If you are still struggling to find the right policy at the right price, the team at Claybrooke can help you find the policy to meet your needs with a price that will fit into your budget.