Life insurance is available for self employed people and it is no different to life insurance for employed people.

Occupation can have an affect on life insurance but the factors that make a difference can impact employed people as well as self employed people.

Generally the life insurance itself should be unaffected by occupation unless it is a high risk occupation such as deep sea diver, light aircraft pilot, armed forces or people working at excessive heights.

Waiver of Premium is an additional benefit usually ‘tacked’ onto a life insurance policy which protects the monthly payments if the policy holder is unable to work due to serious illness or disability.

Once again this benefit is available to self employed people and employed people but it is more affected by occupation than the life insurance itself.

People who regularly work in an office environment are generally categorised as being in a ‘Class 1′ occupation which represents the lowest risk. Air stewards & stewardesses are ‘Class 3′ which means they may pay slightly more for the ‘waiver of premium’ benefit but not the life cover and bricklayers are ‘Class 4′.

To find out if your occupation is considered high risk you should try to speak directly with insurance companies or with an independent adviser who has direct access to the insurance underwriters and can discuss your case in detail.

All circumstances are assessed on individual merit and not all life insurance companies assess cases in the same way.

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