---
title: Oil And Gas Worker Life Insurance Calculator | Coverfolk
url: https://coverfolk.com/jobs/oil-gas-workers/calculator
updated: 2026-10-08
---

# Oil and gas worker life insurance calculator

How much coverage the family of an oil and gas worker may need, and how much your work plan leaves out.

Updated October 8, 2026[Fact checked](/editorial-standards)

Your family may be short

$700,000

Pay for 10 years**$516,500**

Mortgage**$190,000**

Truck and other loans**$30,000**

Funeral (national median)**$8,300**

Minus work coverage**-$51,650**

Minus savings**-$10,000**

If you leave this job, your work coverage likely ends and the gap grows to $750,000.

Rounded up to the nearest $25,000. A starting point, not advice.

## How this works

It adds your pay for the years you pick, your mortgage, your truck and other loans and $8,300 for a funeral. Then it takes away coverage you have and savings you could use. What is left is the gap.

Many employers give a small plan, often 1 or 2 times your pay. It usually ends when you leave the job.

Want the full picture? Read [what your family gets if you die on the job](/jobs/oil-gas-workers/on-the-job-death).

## Common questions

How much life insurance does an oil and gas worker need?

A common rule is 10 years of pay plus your mortgage and debts, minus what you already have. At the BLS median pay of $51,650, 10 years of pay alone is $516,500.

Is my work life insurance enough?

Many employers give a small plan, often 1 or 2 times your pay. It usually ends when you leave the job. Most families need much more than 1 or 2 years of pay.

Does my job raise the price?

It can. Some insurers add a charge or ask more questions for risky work. Others treat many jobs like any other. An agent who knows your job can find the company that is fair to it.

## Sources

1. [BLS: Oil and gas workers](https://www.bls.gov/ooh/construction-and-extraction/oil-and-gas-workers.htm)
2. [59 percent of private industry workers had access to life insurance through work (March 2026)](https://www.bls.gov/news.release/ebs2.nr0.htm)
3. [2023 NFDA General Price List Study Shows Inflation Increasing Faster than the Cost of a Funeral (NFDA)](https://content.nfda.org/news/media-center/nfda-news-releases/id/8134/2023-nfda-general-price-list-study-shows-inflation-increasing-faster-than-the-cost-of-a-funeral)

[Back to life insurance for oil and gas workers](/jobs/oil-gas-workers)