GARYANDLANA

Life insurance is an important aspect of everyone’s lives and is something which everyone will have to face at some point in time throughout their lives. This point may come sooner rather than later for some individuals because of the job they perform on a daily basis.

While some individuals start everyday by putting on their suits and racing to get to the coffee shop for their morning coffee, others are strapping on their work boots and preparing themselves for a day of excruciatingly hard labor. As scary as it may sound, there are many individuals who are willing to put their lives in danger every single day when they get up and go to work.

The following is a list of the top 5 jobs which are considered to be the most dangerous jobs in the world. Individuals who perform these jobs are highly recommended to have a life insurance plan incase (god forbid) anything goes wrong on any given day. These are the 5 occupations which made the list:

1. Police/Detectives – Police Officers face life threatening situations almost everyday. They are highly trained to defend themselves and are equipped with protective equipment at all times. Life insurance and disability insurance are crucial for individuals working in the field of policing.

2. Airplane Pilots – Believe it or not, airplane pilots require life insurance because they are dealing with such powerful machines which have been known to have mechanical glitches. Airplane pilots are also highly trained in their field to make sure they do their best to fly safely.

3. Construction Workers – Construction workers are somewhat unappreciated for the amount of hard work they do everyday. They not only put their lives in danger from all the machinery they are expected to operate, but they also face many factors which will affect their health in the long run. Overexposure to sun, heat and excessive lifting are just a few of these factors.

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There are a lot of myths and misconceptions when it comes to life insurance.

You need to know the truth when it comes to what you are purchasing, don’t just assume based on rumors you’ve heard. Mistakes made when buying life insurance have long-lasting consequences. If your family isn’t provided for as they need to be, you won’t be here to fix it.

You need to choose the life insurance that is right for you. You can do so by avoiding these seven common myths:

Myth #1: You should buy seven times your annual earnings.

The rule of thumb that says you should have so many times your annual income isn’t necessarily true. The average American has a policy three times his or her annual income. Your dependents should be able to withdraw 5% each year from your insurance policy money without having to touch the principal. If you are making $60,000 annually and you purchase three times your annual income, you have an $180,000 policy. This means your heirs will only be able to withdraw $9,000 each year.

Most people have less coverage than they need. To calculate the amount you actually need, estimate how much your heirs will need to maintain their lifestyle without you. Include the costs of child care, education and emergencies. Add up all other sources of income and subtract it from the expenses. This will show how much of a policy you need to have.

Myth #2: Agents don’t give you the best deals, the internet does.

The internet is a great place to shop and research life insurance. But don’t assume that you’ve gotten the lowest price just because it’s the internet. Good agents will find a competitive rate that’s comparable to your online quotes.

Often, the premiums posted on internet sites are misleading. They are usually quoting you are rate that only those in the healthiest of conditions receive. They may give you an initial rate that will increase significantly in a year.

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