Oil and Gas Industry and Life Insurance
Working in the oil and gas industry offshore or abroad? It is possible to get life cover and possibly critical illness cover. The range of outcomes can vary from standard premiums i.e. no additional cost above the normal price, to higher premiums depending on the exact nature of the occupation and location.
Oil and Gas Industry Case Study
Male aged 45, Driving Coordinator in the oil and gas industry.
Getting life cover for me has been a problem in the past, as I work in the offshore oil and gas industry, mostly working in places like Saudi Arabia, Qatar, UAE and Singapore. When Tim at Moneysworth contacted me with an indication of what premiums might be for the cover I'd requested and told me the insurance company would not be charging me more because of my job, I did think... let's wait and see!
To be honest I didn't expect the premium to come back the same as initially indicated by Tim and also for the insurance company to cover me and my wife without excluding a claim based on my job or where I work. I'm thrilled that my mortgage is now protected and it doesn't cost a fortune. Thank you for your help.
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