Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
Video Transcript: What is the best life insurance for police officers? There's not really a best life insurance for police officers. There's not a contract or a company that are out there specifically looking at that vocation. Remember, that vocation has different levels of activity. Some are police officers in regular squad cars doing regular patrols; they have more exposure to liability. There are other officers that are inside the office; they're desk officers, they're higher up, maybe up the food chain, lieutenants, captains, and so forth. They're really not exposed to the exposure that the regular officers have.
Companies are going to price this based on vocational risk. Vocational risks are 'Is this hazardous?' Of course, police officer work is hazardous. To say, 'Who's the best?' it depends upon the state we're in, and it depends upon the officer and his specific duties.
The best life insurance for police officers is based on your budget and your needs. It is not based on your vocation, because most life insurance will not rate you higher for being a police officer.
You can figure up the amount of coverage you need, split it into what are permanent needs and what are temporary needs, and buy as much of each type that you can afford, just like everyone else. A good agent will shop a number of companies to help you get the lowest rates based on your age, health, and the type of policy or policies that you need to meet your family's needs.
.JPG){kind=avatar}
Companies are going to price this based on vocational risk. Vocational risks are 'Is this hazardous?' Of course, police officer work is hazardous. To say, 'Who's the best?' it depends upon the state we're in, and it depends upon the officer and his specific duties.
You can figure up the amount of coverage you need, split it into what are permanent needs and what are temporary needs, and buy as much of each type that you can afford, just like everyone else. A good agent will shop a number of companies to help you get the lowest rates based on your age, health, and the type of policy or policies that you need to meet your family's needs.