How tourism industry occupations affect life insurance quotes

If you’re in regular employment and looking for ways to become more financially secure, a life insurance policy from a reputable provider should definitely be in your sights. A good policy will ensure that you and your dependents never have to worry about unexpected illness or injury again, at least from a financial perspective. But will your tourism industry occupation complicate matters and potentially result in higher premiums? Let’s find out together.

Will your tourism occupation make life insurance more expensive
When life throws you a curveball, a well-crafted life insurance policy can provide you with generous financial assistance that allows you to absorb the hit, then move on quickly and focus on making a rapid recovery. However, life insurance is not a viable option for everyone. For those in certain tourism industry occupations, premiums may be significantly higher or, in some cases, coverage may be denied completely. If you are engaged in any of the following occupations, prepare to pay more for your cover:

• Scuba diving instructor – If you spend your working days scuba diving, you will be considered a high-risk applicant as far as insurers are concerned.
• Skydiving instructor – Jumping out of planes, not surprisingly, is also considered a risky occupation by life insurance underwriters.
• Private pilot – Commercial airline pilots shouldn’t have any difficulties obtaining coverage, but private pilots specialising in small planes or helicopters may face an uphill struggle.
• Grounds maintenance workers – Some grounds maintenance staff, such as those who work at height, will often be quoted higher premiums.
• Certain driving positions – If you work as an instructor at a racetrack, you can expect to pay more for life insurance.
• Security personnel – Some security personnel can also expect higher life insurance quotes due to the dangers they face.

You won’t necessarily encounter difficulties obtaining coverage if you are engaged in any of the above listed occupations, but you can expect life insurance quotes to reflect the additional risk. In the following section, we take a brief look at tourism industry occupations that may result in denial of coverage from some (or all) insurers.

Tourism industry occupations that may lead to denial of coverage
Although it’s a somewhat rare occurrence, certain tourism industry occupations lead insurers to deny coverage when a life insurance quotation is requested. If you are an extreme sports instructor, for example, you could find it harder to obtain the coverage you seek. If you work at resorts in regions of the world that are considered dangerous, difficulties may ensue when attempting to purchase a suitable policy. Those who work with potentially dangerous animals may also be unable to find a willing insurer.

What you can do to lessen the blow
Even if you’re engaged in a risky tourism industry occupation, you may still be able to find reasonably-priced coverage if you take adequate precautions in your daily life. If you’re able to show insurers that you use high-quality PPE and take a professional approach to risk management in your work, for example, this could make matters easier.

The article How tourism industry occupations affect life insurance quotes first appeared in TravelDailyNews International.