Extreme Sports Life Insurance

Written by Jason Fisher

extreme sports life insurance

Are you a thrill seeker? Do you crave an intense adrenaline rush? Is an extreme sports activity just another Saturday to you?

If you’re involved in extreme sports, life insurance may be a little harder for you to get, and unfortunately many do not realize this, but it is looked upon as a high risk, such as the carriers looking at someone seeking life insurance with diabetes as a higher risk than a “healthy” individual.

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Fortunately, we’ve got you covered.

You might be willing to do a few wildly fun activities, but you know at the end of the day you still need to protect your family. Don’t let the picky life insurance carriers tell you “No!” because of what you enjoy. If you would like a policy with less hassle, there are companies who offer up to one million dollar no exam life insurance policies.

Extreme Sports Life Insurance

Growing up, I was at a dirt track racing event most summer nights. I’m no stranger to riding ATV’s, snowmobiles, and the drag strip. I’ve yet to skydive or scuba dive but trust me, they are definitely on the list. Even bull riding….okay, maybe not bull riding, but there are many others I want to dab into.

But now, for one reason or another, you need life insurance. Extreme sports like these can be quite a bit harder to get coverage for, understandably, because of some serious risks involved. Injury and death occur every year in the extreme sports industry, even when the utmost precautions are taken.

But don’t let this stop you from applying for life insurance.

Extreme sports life insurance is still an evolving area of the insurance world, but only because thrill enthusiasts are pushing the envelope farther than ever. Jumpers are jumping from the edges of outer space, divers are diving deeper and into more unexplored wreckage, and daily driver vehicles are achieving speeds of 200 mph.

Here are some examples of the extreme sports which require a little extra to get a policy:

  • Skydiving
  • Scuba Diving
  • Vehicle Racing
  • Bull Riding
  • Hang Gliding
  • Wingsuit Flying
  • Helicopter Skiing
  • Super Swell Surfing

Because of the nature of each sport, they are unique in their requirements for underwriting practices. For example, scuba diving to vast depths or diving into wreckage has its own set of questions which have to be answered, whereas vehicle racing has a completely different set. There is no one form which you can use to qualify yourself under any sport.

This is why you’ll want to use a life insurance specialist who is familiar with each sport, and knows the questions to ask up front. Using a knowledgeable agent will not only increase the chance of you getting a policy but one with a rate you can actually afford.


Frequently Asked About Extreme Sports Life Insurance

There are a few questions we often get from clients when they’re applying which are applicable to many. We’ll try to answer a few for you.

What If I Only Participate One Time?

This a great question, and has two answers. First, the question on an application is usually going to ask if you have participated in any of the sports in the past year, or do you have plans to do so in the future? So even if you have only once, or only plan to, you’ll still be required to answer “Yes” on an application. But, the second part which will be asked refers to frequency, so you’ll be able to show you’re not taking multiple risks.

What If I Did It A Long Time Ago And Don’t Plan On It Again?

This is the question we get most often. It’s usually not an issue, especially if it’s been years ago. Just because you were a thrill seeker in college, doesn’t mean you’ll be doing the same things when you’re in your 40’s and 50’s. The questions on the application will almost always set a designated time frame to when you may have participated in an extreme sport. Life insurance is about risk, both past, and present, but the further back, the less of a risk it is today.

What If I’m Professionally Licensed?

Licensing definitely helps, especially where something can be seen as a profession, not just a hobby. For example, if scuba diving is part of your job and you are Master Instructor certified, this will be much more advantageous than if you do so once a year while on vacation. This will not automatically mean you’ll get better rates, but it could keep you from getting additional fees depending on other factors.

How Can I Tell The Difference Between Sport And “Extreme” Sport?

There are plenty of sports which may not seem so dangerous, but could still be considered hazardous for reasons other than what its name implies. As an example, you might be a surfer. Surfing itself does not imply being an extreme sport. I have surfed, but it was not extreme at all; waves never exceeded shoulder to head-high for me. But if you surf before and after major storms looking for waves which are massive and fast, this suddenly breaches what might be an extreme sport. Remember, each sport is looked at independently, according to frequency, duration, type, and skill sets.

Applying For Extreme Sports Life Insurance

The process for applying for life insurance when involved with extreme sports is just a little bit different than a standard application process.

Before you apply, you’ll need to talk to an independent agent who can assess your sport and your risk classification. Each insurance company takes different precautions, and some may be open to extreme sports more than others. You’ll likely need to complete some sort of questionnaire before your application is submitted, to ensure the best possible chance of a favorable rating.

There are a lot of advantages to working with an independent insurance agent. Independent brokers don’t work with one single company, they represent dozens of companies and can bring a set of quotes directly to you.

Every insurance company has different stances and extreme sports. Some companies have more experience working with certain sports than other companies. Some insurance companies will decline applicants on the spot if they learn about any extreme sports, while other companies will still offer those applicants affordable coverage. It’s all based on their underwriting and how they manage risk. If you tried to find one of these policies on your own, you could spend hours calling agents, you can let an independent agent do all of the hard work for you.

The process may take slightly longer than normal, and you may be required to show proof of any licensing, education or additional skill set you have which makes you less of a liability when you are participating in your craft. The better log you have of your activity, the better.

If you’ve ever been declined for life insurance because of your extreme sport, don’t worry, there are still life insurance options out there for you. Life insurance is the best purchase you can make. Without life insurance, your family would find themselves with thousands of dollars in their lap. Your plan will give them money to ease the financial pain.  If you have questions about getting life insurance as a person who loves extreme sports, contact us. We can connect you with the best plan to meet your family’s needs.

Contact us today and we’d be happy to help with your extreme sports life insurance policy needs.

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