Journalists are part of a broad field of media. Some cover entertainment and celebrity gossip while others report on current events and political news. Many work for established companies, while others are self-employed.
No matter who you are employed by or where you work, it is important for you as a journalist to obtain secured life insurance – here’s why:
A journalism job is not generally considered dangerous. Every job, to some degree, comes with safety concerns. Journalism is not an exception, with the level of risk depending on location and the types of stories being covered.
Those working in areas where free speech is limited can be persecuted. Reporters can be targeted by the public. Attending controversial events and speaking with famous figures requires caution. Travel is often required, both locally and across borders. In the relatively unlikely case something were to happen to you, work-related or not, you need to make sure that anyone dependent on you is taken care of. Whether that be your children or aging parents, life insurance is a great way to protect those you love from the unpredictable.
To Younger Journalists
Although life insurance may not seem as crucial for single, younger journalists, members of this demographic should still contemplate it. Without anyone dependent on you for income, it can be easy to write off the idea. Planning ahead, however, can prove worthwhile. In the event you passed away unexpectedly, a life insurance policy given to beneficiaries could be used to pay off any debts you have that might otherwise defer to them. The policy could also be used to cover your funeral expenses. Furthermore, getting a policy at a younger age may be easier than getting one later in life because of potential medical problems.
Journalists who are Part of a Company
Reporters who work with a company, or are at least part of some sort of organization or union, usually have easier access to insurance. Businesses typically offer their employees a group coverage option with a set policy and low contribution amounts. The policy amount, typically enough for unmarried people, can be combined with a supplemental policy for those with dependents. Plans offered by businesses are usually cheaper and can prove easier to qualify for than traditional policies if you have any pre-existing medical conditions.
It is also important, however, to consider the cons of getting life insurance through your work. If you need a larger policy, not all companies offer supplemental insurance, requiring you to purchase from an outside provider anyway. Journalism has questionable job security, and you would be without life insurance if you lost your job. The potential gap in coverage during any period of unemployment is also a factor to consider.
Journalists working for themselves are typically the least likely to get a life insurance policy. Fewer convenient plans are out there. When being self-employed means doing everything from finding freelance jobs to keeping work records, life insurance could be the last thing on your mind. You may even think you do not need insurance if you are merely working on a computer from the comfort of your own home.
If you are a self-employed journalist, you can acquire a policy just as easily as someone who works for a company. Term life insurance is the most common option, and it is affordable and practical for someone who works from home. Freelancers can also join organizations such as Reporters Without Borders and qualify for policies taking that route.
Even though journalism is not typically a hazardous career, it is important to be proactive in preparing for an uncertain future. Making sure that loved ones who depend on you are taken care during a time of tragedy is extremely important. In short – it is always better to be safe than sorry.
Founder of HomeWorkingClub.com – Ben has worked freelance for nearly 20 years. As well as being a freelance writer and blogger, he is also a technical consultant with Microsoft and Apple certifications. He loves supporting new home workers but is prone to outbursts of bluntness and realism.