So chances are you stumbled across this article because you are a commercial fisherman or maybe you have a daughter or son in the fishermen business and want them to get insured with life insurance. Good thing you came to us because we are well aware of the fact that it’s difficult to get life insurance for commercial fishermen. Don’t let the facts discourage you because there are different ways that you can get life insurance. Here at InsureChance we work with over 60 top rated companies that offer a wide variety of products. We are here to insure all sorts of clients even the uninsurable.
Why is commercial fishermen #1 in most hazardous jobs?
Well, it all begins with what fishermen go through on a daily basis. Fishermen risk their lives every day and when it comes to life insurance companies, they don’t deal very well with risks because they already take a risk and put a lot of money on deaths, and since fishermen risk their lives this means that if every insurance company insured fishermen they would be losing a lot more than they can gain back. Fishermen do a lot when they are out in the sea for about 3-6 months at a time. They have to locate the fishes using fish-finding equipment, they sort, pack, and store their catch in holds with salt and ice. But the most dangerous part of the job is that some commercial fishermen work in deep water on large fishing boats and are equipped for long stays at sea.
This is a big risk in itself, living on a boat for months at a time does impact your health and diet no matter what anyone says because a good diet follows good exercise and being in a boat there isn’t much room to take a jog. Other fishermen work in shallow water on small boats and may have a crew with them throwing a net across rivers, or throw pots for fish, crabs, and oysters. There are a few fishermen who require scuba gear and they use spears to catch the fish and that itself is a risk because a spear can be an accident itself with the crew. The big downside is that these fishermen can work through all sorts of different weather conditions and that means storms, fogs, and the wind. Needless to say, if you’re a fisherman or have family in the commercial fishermen business, they are hard workers and strong people because not just anyone can handle all that. With that in mind, that is why they categorize the fishermen business is the #1 most dangerous occupation.
The Good News and Bad News
I know it seems as if there is a dim light at the end of the tunnel, but it’s a lot brighter and closer than you think! Let us get the bad news out the way first, the bad new is that a lot of insurance companies only work with statistics because statistics are never wrong. According to the Bureau of Labor statistic, there are approximately 124 deaths per 100,000 in the fishermen business. I mean we have all seen Discovery Channel’s hit TV show “Deadliest Catch” it can be very dangerous so we all know this isn’t an exaggeration. However, the good news is that there is still a chance of obtaining life insurance because there are a couple life insurance companies that don’t ask about occupation, and that’s the route you need to go if you are trying to get coverage. Or chances are you will get denied in a jiffy because of the risks an insurance company has to take. Again, don’t let that discourage you from obtaining life insurance because you and your family deserve it for all the hard work you do to provide for your family.
Types of life insurance that can cover fishermen
There are a couple different life insurance type for fishermen but it will depend on what type of vessel that you use, where you travel to whether it’s close to shore or deep sea and how often you are at sea. The worst case scenario, if you have regular excursions and/or deep sea trips then you may find a life insurance policy accepted at special terms but will result in higher monthly. You can also look into a guaranteed issue life insurance policy, which is a policy with no medical exam and no questions asked about the occupation. The downside is that they only offer a $25,000 face amount and don’t pay death benefits for the first two years. Here at InsureChance we also have a plan that has a coverage of $150,000 with a no medical exam and this plan can last up until age 100.
Why should I even buy life insurance?
Putting a life insurance policy in place will not only provide you and your family peace of mind, but it will provide your family income if you are the breadwinner when you pass away. If there is life insurance for people with the worst health and smoking habits there is an opportunity for fishermen with good health to get decent to a good rate.
Work with us!
In conclusion, commercial fishermen have a difficult time searching and researching a good insurance company but let us take that stress off your shoulders. We are here to provide the best rates and policy for you and your family because unlike other independent life insurance brokerages, our goal is to match the best fit company for you and to simplify your life. We also provide a lifetime guarantee service, so if you have questions later or want to tweak your policy then we are here for you and your family! If you have any questions or concerns please feel free to call us at 888-492-1967. Welcome to InsureChance!