Best Merchant Navy Mariners Life Insurance Cover

Elaine Brookes Steve Case

Author: Steve Case - Insurance Expert

Reviewed & Fact Checked By: Elaine Brookes

Updated: 24th February 2024

merchant navy life insurance

We will outline why you should have life insurance if you are a seafarer or work in the merchant navy and explain how we can get you the most competitive quote.

How Insurance Hero Can Help Seafarers Secure Life Insurance

Insurance Hero can assist seafarers, merchant seamen, and women with their life insurance needs. We work with a strong network of specialists who underwrite higher-risk professions.

We can get you a competitive quote that may not be available from a mainstream insurer. Insurers sometimes consider occupations within the merchant navy as greater risk, so premiums may be slightly higher. However, it is often possible to secure cover with standard terms.

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Merchant Navy Life Insurance, Critical Illness and Income Protection Cover

Providing commercial marine services in the private or governmental sector can be a demanding career in the merchant navy.

Working on the high seas and away from home for sustained periods is challenging. Occupational risks can vary greatly depending on your role within the merchant navy. For example, working as a marine engineer in the engine room may expose you to more risks than the first officer on the ship’s bridge.

A career in the merchant navy can include diverse roles with varying occupational hazards, including:

  • Engineer
  • Captain
  • First officer
  • Deckhand
  • Communications Officer
  • Commercial diver

All functions carry the danger of the ship sinking in rough seas. If you have a family or dependents, it is nice to know that financial protection is available should anything happen to you.

Life insurance and other associated covers, including income protection and critical illness, provide financial comfort.

Protect The Things That Matter & Get A Free Quote Today.

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  • Our price match promise means we will find you the right cover for your personal circumstances at the lowest price possible. Terms & Conditions and Privacy Policy

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Life Insurance Cover for The Merchant Navy

Life insurance cover provides a lump sum payout for dependents should you die in the workplace. The payout is the result of regular monthly or annual premiums. The cost of the premiums will vary if you are employed in the merchant navy and working at sea.

Underwriters will need to know your daily activities at work and the dangers in your role at sea. To provide you with an accurate quote, Insurance Hero will work through a fact-find form with you.

Questions will include:

  • Do you work with dangerous machinery?
  • Are you sailing in conflict zones?
  • How much time do you spend at sea?
  • Do you work with hazardous materials?
  • Are you working at a great height?
  • Are you working in a confined space?

Ahead of getting a life insurance quote, you should also have a good idea of your financial circumstances, such as your:

  • Personal loans
  • Credit card debt
  • Annual income after tax
  • Outstanding mortgage
  • Dependents income

These factors will drive what length of policy you require and the potential payout needed and will affect the premium.

For your no-obligation life insurance quote, contact Insurance Hero today. Our friendly and professional team is here to help. You should be able to work away from home knowing your family is protected. Call Insurance Hero on 0203 129 88 66

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Merchant Navy Critical Illness Cover

Critical illness is the diagnosis of a disease or medical procedure that stops you from doing your job. Paying regular monthly or annual premiums will result in a lump sum payout for designated beneficiaries.  Protecting them while you can’t work and allowing yourself to concentrate on getting better without financial worry.

Some of the following illnesses can trigger critical illness cover:

  • Heart attack
  • Heart valve replacement or repair
  • Structural heart surgery
  • Certain types of cancer
  • Bacterial meningitis
  • Alzheimer’s disease
  • Coronary artery by-pass grafts
  • Pulmonary artery surgery

A policy covers not all critical illnesses. It is essential to read the policy. Once diagnosed with a qualifying illness, a payout is typically forthcoming if you survive at least ten days after diagnosis.

For Insurance Hero to provide an accurate, critical illness cover quote, we need to find out about you. We will achieve this by completing a questionnaire with you and forwarding it to the underwriter.

Questions will include:

  • Do you have any pre-existing medical issues?
  • What is your job in the merchant navy?
  • Do you work in an open or confined space?
  • Are you working with hazardous materials?
  • Are you travelling to tropical destinations?
Tanker captain

Income Protection In The Merchant Navy

Income protection is an associated life insurance cover. It similarly offers financial protection through regular premiums. You will still receive a steady income if you cannot work for an extended period due to illness or injury.

The level of salary that you will receive will be equivalent to the regular premiums you pay. Insurance Hero will work to make sure of accurate current financial circumstances in any quote. We want to make sure that your policy premiums are not only competitive but also realistic.

To provide an accurate quote, we will work through a detailed questionnaire to be used by the underwriter to come up with a premium. We work unobtrusively, and we have your best interests to consider.

We will need to ask about your current financial situation, and questions will include:

  • Gross pre-tax income
  • Monthly outgoings
  • Unsecured loans and credit card debt
  • Existing outstanding mortgage
  • Other income

Insurance Hero wants to help you provide for your family if you cannot work. Please contact our professional team on 0203 129 88 66, and we will provide you with a tailored income protection cover quote.