Financial IQ: Insurance for Stewardesses

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Financial IQ Philippines Quick Hit(s):

There is a possibility that insurance premium may be slightly higher.


What is the best policy for airline stewardesses who often fly overseas?


What do you recommend as the best life insurance for an airline stewardess who often flies abroad? Are the costs higher because of the nature of a person’s work, or are life insurance costs the same based on the age bracket? The Philippine Star and Insular Life should be congratulated for helping promote financial education of the public through your column’s Question & Answer series.


Josie Martinez, 26 years old, Santa Rosa, Laguna


Answer


An insurance agent will be able to help her determine the best coverage for her depending on her present needs and purpose. Just like any regular employee, a stewardess can apply for insurance at standard rates. However, if she is based in a country that is considered high-risk, premium will be higher. For accident or disability cover, additional premiums will also be applicable. 

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