Life Insurance for Offshore Workers

Life Insurance

Being an offshore worker comes with its fair share of rewards and challenges that need to be navigated each day.

In order to determine the most suitable life insurance for you, we will inquire:

1. What tasks do you have offshore?

1. What percentage of your year is spent offshore?

1. In which country are you located?

1. Which mode of transportation do you use to get to where you’re going?

1. Is your job at high elevations?

Your job is essential for your well-being, regardless of being based offshore, so it’s important to feel secure while heading out to work. We specialize in this field and can assist you in finding an insurance plan that fits your work and needs, without making it overly complex.

The life insurance available to offshore workers is based on the level of risk associated with their job. If you work in a low-risk job such as office administration or cooking, you are likely to qualify for life insurance under normal terms.

For roles involving high-risk tasks like working at heights or with heavy machinery, insurance companies may exercise more caution.

There’s really no need to worry about this. It is important to find an insurer that supports your work in order to get the best price for life insurance.

No matter the nature of your role, we guarantee assistance in streamlining the offshore workers life insurance application process.

Critical Illness

When applying for critical illness cover as an offshore worker, similar information will be taken into account as with life insurance.

The key factors revolve around the risk levels in your job tasks and travel destinations. Certain insurers may provide critical illness cover at standard rates, although not all of them will do so.

Individuals in higher risk occupations may encounter occupational exclusions or increased premiums from insurers.

Exclusions can be implemented in various ways. One way to handle situations is by excluding any claims while you’re working. Another option is to have coverage for specific conditions while you are working, such as loss of limbs, traumatic head injury, or paralysis.

For offshore workers, it’s crucial to understand that ‘Total Permanent Disability’ (TPD) might not be covered by a critical illness policy. This is just one condition in the policy, and typically you are covered for at least 60 conditions.

Income Protection

Income protection is generally accessible for offshore workers and most white collar occupations on standard terms.

Choosing an insurer that can cater to your specific occupation is crucial, especially if you are involved in high risk jobs.

At times, policies may include a rotary aviation exclusion clause. Using a helicopter to get to the rig seems like the most probable option.

Your income protection might have a retirement age limit, such as being covered up to age 60.