“Deadliest Catch” – How Easy Would It Be for a Crew Member to Obtain Life Insurance?

The simple answer here is not so easy, but not impossible.

Under most circumstances relating to occupation, life insurance is always obtainable from one source, or another, but you might end up paying a hefty amount for it, due to your chosen profession.

For Deadliest Catch crew members, you first have to strip away the fact that all of those guys are probably receiving plenty of benefits from being on a highly popular television show; if not insurance, then they’re making plenty of money to invest by other means. Once you strip that away, what are they? Fishermen.

That’s right, they’re just fishermen; how dangerous could that really be?

Well, according to the U.S. Bureau of Labor Statistics… it’s very dangerous. Based off of the number of fatalities, and injuries that ultimately result in fatality, that are reported each year from this industry the USBLS ranked being a fishermen as the deadliest profession in the United States.

What Does This Mean in Terms of Life Insurance?

It means that a healthy-as-a-horse fishermen may have an incredibly difficult time obtaining life insurance through the typical means. Insurance companies either won’t take the risk, or they’ll take the risk, but at a very high cost to the policy holder.

Keep in mind that the insurance industry relies on profit, just like any other business. In the big picture, the structure of the premiums, their payouts, and their fine print all generates a service to you and a profit to them for offering it. Due to this, there are certain risks they won’t take as it’s simply not a sound financial business decision, or investment, unless they’re guaranteed a profit through higher premiums that will make up for any potential early loss.

How High of a Cost Are We Talkin’?

As is the case with every kind of insurance policy, for nearly every occasion, rates will greatly fluctuate from insurer to insurer, so it’s difficult to nail down an example price point. Typically, though, the absolutely cheapest, best case scenario for someone in a high-risk profession is at least $2.50 more on each $1,000 they purchase in coverage—it add up quick!

How Should Someone in a High-Risk Profession Go About Obtaining Life Insurance?

First, and foremost, it’s highly recommended that anyone in a high-risk occupation seek professional advice and assistance when it comes to navigating the muddy, high-risk, insurance seas. In fact, there are insurance professionals who are free agents in this category, who know the industry inside and out, and can find the best deal for your particular occupation.

Gary Dworkin, a Chairman of the National Independent Life Brokerage Agencies, says it best here, “The most important thing an individual can do is feel comfortable with their agent—that he or she represents more than one company and has resources to full shop and survey the market through the brokerage community.”

An insurance professional of this caliber will be able to walk you through obtaining some form of group life insurance, whether it be through your employer, a union, or some other means, and/or they’ll be able to present other options, like Guaranteed-Issue Policies or policies that have special exemption clauses for your profession.

 

How to Choose the Right Charity for You

Many of us like to feel as though we are making a difference in the world. One of the reasons that many people choose to improve the sustainability of their lifestyles is because they want to have a positive impact.

You can have a positive impact on the world by giving to a charity. When you give to a charitable organization, your donation combines with the donations from thousands — or even millions — of others to make an impact. When you donate, you can be part of a larger effort that really can promote positive change in the world.

But how do you choose the right charity to give to? There are tens of thousands of options out there, and you can’t give to them all. You need to choose a charity based on your own goals and values, and where you think you can do the most good.

Consider Causes that are Important to You

Take a few minutes to think about your priorities, and what’s most important to you. This is the start of your charity search. When choosing a charity to support, it helps to think of an organization whose values align with yours, and whose goals are those you can suppost.

Do you have a keen interest in wildlife preservation? Are you particularly concerned about hunger? Do you think that it would be nice for better family planning efforts to be made? Is education a priority for you? Are you concerned about the homeless?

Think about what you are most interested in, and the problems that you think could use some real help solving. Then, look for a charity that is actively trying to solve that issue.

Where Does the Money Go?

Don’t just stop at the name or stated mission of the charity, though. It’s also important to consider where the money goes. With some charities, as little as 40% of your donated dollar goes to actually help assuage a problem. All charities have expenses, from paying a CEO to administering an office, to the costs associated with fundraising. However, some charities spend their money better than others.

I like to make sure that at least 80% of my donated money is actually going to the cause before I donate. To me, that’s reasonable. I like it even better if I can find a charity addressing a problem of import to me that spends 90% to 95% on addressing the problem.

You can find out how much of your donation is going toward alleviating the problem by doing a little research. In the United States, CharityNavigator.org breaks it down for you. In Canada, you can use Charity Intelligence Canada to find out how much of your donation is being used for its stated purpose.

Another consideration is whether or not you can see the changes wrought by your donation. I give generously to the local food bank because I can see how it benefits the community. However, there are also international charities, including those associated with education, that allow you to see how your donation can change lives.

Where do you donate your money? How do you choose which charities to support?