Purchasing life insurance for iron and steel workers is a simple and straightforward process
Getting the best life insurance rates for iron workers will depend on using the right life insurance company and insurance advisor
Shopping the market for life insurance for steelworkers can be a little tricky sometimes. This depends on exactly what your job duties are. But it has become much easier to apply and even see preferred rates being issued. The job of an iron and steel worker is plain and simple. It can be a very hazardous occupation but using the modern safety measures can make all the difference in the world.
The dangers that are associated with ironworker industry fatalities have been well documented throughout the years. The number one leading cause of death. This results in over 45% of the deaths related to the construction work employees.
Connecting with an independent insurance agent
Independent insurance agents such as ourselves are also known as brokers. We have the advantage of having access to every life insurance company on the market. Independent insurance agents do not work for an insurance company as the captive agents do. Examples would be State Farm, Farmers, Geico, Allstate and Country Financial. Brokers can shop the market for you and target the company that will offer you the best life insurance rates.
If you have medical conditions either mild or serious. Brokers can run a medical pre-screen to help them choose the most applicable carrier for you to apply with. They have your best interest in mind unlike the captive agents that focus on their employers best interest.
Receiving the best life insurance rates for will depend on the company you apply with
Every carrier has their favorite niche markets and low rates to go along with them. One company may have no problem insuring the lives of steelworkers and another company may be a bit more hesitant. The company you apply with is the most important ingredient in the formula to finding the lowest premiums. Hazardous occupations, sports or hobbies can have an impact on rates.
What are some of the medical related questions the insurance companies ask?
- Have you been diagnosed with any chronic medical conditions?
- Are you active in any hobbies or sports?
- Do you have any driving record related issues such as a DUI/DWI?
- What is your current height & weight?
- Do you drink alcoholic beverages and if so how much?
- Have you used any forms of tobacco products?
There are more medical related questions than this but these are some of the main questions they will ask.
What safety related questions do the insurance companies ask when applying for life insurance for steel workers?
- What kind of specialty training have you had or planning to have?
- Do you wear or use any safety equipment or clothing?
- What is the exact name of your occupational job title?
- Are there any activities that you perform that are considered more hazardous than others?
- Does your employer offer any safety classes for you to attend?
- Does your employer have any safety measure you must follow each day?
Term life insurance for steel workers will always generate the lowest rates of all policy designs
Term life insurance is a temporary form of coverage that stays in force for a specific term period. Most of these policies can be purchased with a term period of 10 to 40 years in length. The 20 year term insurance policy is the most popular plan design. If you are looking for a permanent policy that will last the rest of your life. Then Universal life would be a very good choice for you and will last forever as long as you pay your premiums. Whole life insurance is far too expensive and most companies do not even offer it anymore.
The best life insurance companies do their homework when it comes to the on the job hazards of iron workers
Iron and steel workers face the hazards of taking a possible fall. Also flying objects accidentally released by other co-workers and even an impact from a piece of heavy equipment. Even if you are the most careful worker on the job site, accidents can still happen. In the United States, the occurrence of job related fatalities are now even higher in the group of aging construction workers.
Iron workers over the age of 45 have a higher accident rate than the younger workers
This is due to the normal conditions that aging brings to the table. Such as slower reflexes to react to danger or a possible accident. Other conditions are some loss of muscle strength and reduced vision and hearing. These can alert a worker to danger and make a fast decision what to do. All this is perfectly normal and it is simply brought on by the aging process. Never the less it increases the odds of having a serious job related accident. Also consider medical conditions are more prevalent in the above 45 age class.
There are many dangers on a construction site which increase the need for life insurance
The statistics will usually reflect the top of the list of the most dangerous jobs to have in the United States is the iron and steel workers. Structural and reinforced iron and metal workers are employed in all parts of the U.S. But most work in the major cities where the largest percentage of commercial and industrial construction takes place on a regular basis. This is where safety first is the most important goal.
The statistics show that work related deaths from falls among Iron and steel workers are over 10 times higher than the traditional construction worker. More Iron and steel workers are killed from falls than all other construction type occupations put together.
Exposure to heavy building materials and heavy equipment also increase the risks
The continued movement of heavy building materials such as steel girders by cranes or forklifts could knock them off a highly elevated floor. Also being trapped between loads could accidentally crush them between two objects. A good sense of balance is crucial and any fear of heights can cause a panic situation that could increase the odds of a fall. If a worker is on a high rise building project with heights sometime over 100 floors. A fall to the ground could unfortunately spell certain death.
Can the insurance companies charge an additional premium when applying for life insurance for iron workers?
This is always a possibility which will totally depend on your job description. If you work over five floors or over 50 feet up, an additional premium can be charged. If your job is especially hazardous an additional premium can be charged accordingly. They could modify your health classification for example from preferred to a standard classification. The carriers could also add a flat extra charge. A flat extra charge is a dollar about such as $2.00 for every $1,000.00 of life insurance coverage. A flat extra could be added plus the health class could be changed both at the same time. This is based on exactly how dangerous your job is.
Use our quoting system to see how all the best companies rates stack up when displayed side by side
You can compare over 40 of the best life insurance companies and see all the options you have to choose from. You can change the health classifications by using the simple drop down menu. If you are in good health, choose the preferred rates to review. These rates are all accurate and up to date. We are always available to give you premium quotes right over the phone also.
Our final thoughts
If you’re an iron and steel worker or whatever other trade you may be in, feel free to contact us 7 days a week for no obligation help and answers to any of your questions. Purchasing life insurance is now a simple and quick process. If you need life insurance fast or you do not want to take a physical. No Medical Exam life insurance may be a very good choice for you. You can actually be approved in less than 24 hours. You may call us toll free at 800-897-5699 and quickly get all the help you need concerning life insurance.
All the best,
Jack Venturi
