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Life Insurance for Offshore Workers
Working offshore is a very demanding job for both you and your family - we want to help you in your search for life insurance that will cover oil, gas or fishing industry workers
Why is Life Insurance important for offshore workers?
Whether you work in the oil or gas industry on a rig or out on a boat deep-sea fishing, working off the coasts brings with it a substantial amount of risks. The weather, working near or operating heavy machinery, travelling by helicopter and working with hazardous materials are all dangers that pose a threat to life. Having Life Insurance in place can protect your loved ones from financial hardship should the worst happen.
More than 20,000 people work offshore and this number is growing. As an island nation the UK offers many opportunities for employment off our coast within the energy and fishing industries and new roles are being created all the time. The growth of offshore wind farms is one such example.
Can I get Life Insurance when I work offshore?
When you work in a more dangerous occupation such as on an offshore platform there can be obstacles to finding life insurance. In your search so far you may have found that premiums are more expensive, that exclusions are placed on any cover or that your application has simply been declined. By talking to our expert life insurance partners we can help you find that life insurance cover you are looking for.
This service from our partners comes fee free and with no obligation to purchase.. Our partners are experienced in finding policies for those in high-risk jobs and know which companies can provide policies for your needs. Speaking to the experts can save you so much time and energy as they can direct you straight to those life insurance companies that can help offshore workers..
Simply click on the green button above and enter just a couple of details to get your search going.
How much life cover do I need as an offshore worker?
This will depend on how much you are wanting to protect. What do you need to cover if you pass away? Will you need enough for your family to live off? Do you still have a mortgage?
Life cover can help with not only your mortgage but also living expenses, childcare costs and pay for your funeral. It can also ensure your debts are paid off or contribute towards an inheritance if that is what you wish.
The company you work for may offer service benefits which can mean you already have some cover. Do bear in mind that, should you change employers, those benefits may change or be removed so you would need to consider updating any life cover you have.
How can I reduce my Life Insurance premiums when I work offshore?
The cost of your Life Insurance is based on more than just your occupation. Your age, your health and your smoking status will all play a part in the calculations. Keeping fit and giving up smoking can help and generally the younger you take out life insurance, the less you will pay.
Comparing Life Insurance options is vital as quotes and premiums can vary massively depending on what your actual role entails.
How much time do you spend offshore every year?
Where are you based when offshore?
Does your role involve working at heights?
Does your job involve any diving?
Do you have need to take many trips in a helicopter?
Do you operate any heavy machinery?
If you work in an administration role on an oil rig, the dangers you face on a day to day basis will not be the same as someone who operates a crane. Talking to our life insurance partners can insure that you are looking at a policy that is tailored to your specific needs.
What is the benefit of talking to our expert Life Insurance partners?
There is so much to consider when it comes to Life Insurance and talking it through with those in the know can really help you narrow down your search to policies that offer the cover you need as an offshore contractor.
From the amount of cover you need, to the type of plan you want and discussing further cover options such as Critical Illness Cover and Income Protection, our partners can look at your needs with a rounded approach.
The advice from our partners comes with no obligation and no fees
Our service is so simple to use. Just fill out our quick online form by clicking on the link below and we will get our panel of experts in touch immediately.
Our team will be delighted to arrange a callback to discuss your Life Insurance cover.
LifeSearch. our partner, are one of the UK's largest life assurance brokers. They are experts in providing cover from a range of companies including AIG, Aviva, British Friendly, Legal & General, LV=, Royal London, The Exeter, Vitality, Scottish Widows, National Friendly, Shepherds Friendly, Cirencester, Holloway, Guardian and Zurich. Like MoneyMaxim, they are regulated and authorised by the FCA, and offer a guarantee to give you the right life insurance cover at a competitive premium - all fee free and with no obligation.
This content was last reviewed on 05/06/2023