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Can I still get life insurance if I’m unemployed

08 Jul 2021

While life insurance can be a sensitive subject to tackle, it is nonetheless worthy of serious consideration. The Covid-19 pandemic has brought this into sharp focus, but it has also resulted in enormous economic disruption and a great number of job losses across the globe, leaving many people wondering whether they can still apply for life insurance if they are unemployed?

The answer is clear: you can take practical steps to care for your loved ones should something happen to you, whether working or unemployed. There are, however, some factors to consider when applying for life insurance if you are unemployed.

The status of your health, assets and unemployment period are aspects that insurers will seek to understand before writing a policy. For example, if you recently retired and have accumulated savings over the course of your career, this will be a positive factor in your application.

A life insurance policy need not be expensive, with shorter-term, affordable policies based on your current employment status widely available.

Should you find yourself unemployed in the UAE and seeking life insurance, insurers will ask for a valid UAE residence visa and a document detailing your assets that will enable your insurer to recommend the policy that best fits you.

Life insurance can be considered a sensitive topic, but caring for your loved ones’ everyday needs and future dreams is more important than that. Having cover to pay monthly living expenses, medical bills and education, to name a few, will make sure they are set to carve their own successful path through life.