| Those who choose to really live life on the edge | | | | activities like bungee jumping and parachuting. Those |
| need to make sure they have adequate life insurance | | | | activities are generally reserved for milestone events |
| coverage as the risk for losing their lives goes up | | | | such as birthdays or anniversaries. In other words, |
| dramatically. One of the biggest aspects that | | | | premiums are not going to be affected by trying |
| underwriter's evaluate when choosing to grant | | | | something once. |
| coverage is an individual's career choice and their | | | | To be fair, most life insurance companies will charge a |
| overall choice of regular hobbies. If an applicant is of | | | | flat "extra" on your premium to cover the risks |
| greater risk to a carrier, premiums are higher and | | | | incurred for regularly participating in extreme sports |
| possibly issued for a certain number of years. An | | | | and activities. This flat extra will usually double the |
| applicant could be subject to review upon renewal. | | | | average rate. As you get older, however, your rates |
| The bottom line is that applicant's who risk their lives | | | | could nearly triple - as age is always a factor in |
| regularly will pay a higher premium than the average | | | | underwriting policies anyway. As you age, most |
| person as rates are tailored according the average | | | | people start slowing down in any regular extreme |
| person. | | | | sport participation. In that case, immediately contact |
| Term Life Insurance for those with Hazardous | | | | your provider and your rate will drop effective |
| Occupations | | | | immediately. |
| For some people, regular participation in hazardous | | | | Another possibility of obtaining cheaper term life |
| activities is not a matter of hobby but is their | | | | insurance is if you asked to be covered for |
| livelihood. Many people count extreme activities as | | | | everything except the extreme sport in which you |
| their primary source of income, such as pilots, | | | | regularly participate. For example, if you regularly |
| aviation or scuba diving instructors or mountain | | | | scuba dive, you would be covered for any death |
| climbing guides. Top professional surfers, race car | | | | occurrence except in the case that you die while |
| drivers and motocross riders depend on their thrilling | | | | scuba diving. It seems extremely fair to be covered |
| professions to make a living. Unfortunately, all these | | | | and paid for everything except the excluded activity |
| people can expect higher life insurance premiums. | | | | you list. |
| These professions, however, do not necessarily | | | | The best way to find the best possible coverage if |
| mean unreasonable term life insurance rates. You can | | | | you regularly participate in extreme sports or |
| still get affordable coverage if you obtain necessary | | | | activities is to shop around for insurance. Premiums |
| licenses and take all the classes you can to make you | | | | that cover adrenaline junkies can vary significantly |
| experienced and prove that you are safe. For | | | | between carriers. If you are involved in a relatively |
| example, commercial airline pilots are not subject to | | | | new high-risk sport, many companies may not have |
| extra fees. It is best to inquire about a carrier's | | | | developed their rate policies for that specific activity. |
| necessary requirements so that you can meet them | | | | On the other hand, other carriers may be charging |
| before applying for coverage. | | | | way too much since they are one of the few to |
| Participants of Extreme Sports | | | | cover it. |
| Many thrill seekers like to engage in extreme sports. | | | | If you love extreme sports or your profession |
| Some common extreme sports include, skiing, | | | | involves putting your life at risk more frequently than |
| snowboarding, skateboarding, dirt biking, hang gliding, | | | | most, be sure you shop around and compare rates |
| mountain climbing and scuba diving. Other more | | | | before buying a life insurance policy. Educate yourself |
| extreme sports are bungee jumping, parachuting, and | | | | as much as possible about your sport or activity. For |
| hang gliding. | | | | instance, if there are licenses you can get, it is wise |
| Insurance companies are not "all or nothing" in their | | | | to obtain them. Take any class you can that will |
| regulations. For example, most people do not | | | | make you more experienced in that activity. |
| regularly participate in the more novel extreme | | | | |