Builders Life Insurance, Critical Illness Cover And Income Protection
Builders are subject to significantly higher risk than most other occupations as their occupation can be physically and mentally challenging. This leads to them being regarded by insurers as a ‘high risk’ when considered for life insurance.
The deferment period, that determines how soon after a successful claim is made that the claimant receives their payout, is another important option to consider. Ranging from 1 day to 1 year, this can affect the cost of the policy and is an important factor when considering income if unable to work.