Sports That Hurt the Chances of Getting Life Insurance

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Sports That Hurt the Chances of Getting Life
Insurance
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Life insurance is one of the most valuable
financial assets an individual obtains in his or
her lifetime. Certain occupations that involve
high-risk bodily activity require special
insurance policies for obtaining and continuing
employment. In some cases, life insurance is
unattainable due to the nature of the activity
and the most common ones are listed below.
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Hang Gliding
The risk of dying in a hang gliding accident is 1
in every 115,000. These odds are more frequent
than being struck by lightning or dying in a
commercial airline flight. Pilot error and faulty
equipment are the main contributors to the deaths
of hang gliding enthusiasts, so obtaining a life
insurance policy is either too rare or too
expensive.
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Ice/Mountain Climbing
This age-old sport has been the number one
activity for thrill seekers, but the monthly
premiums on avid climbers are exorbitant. Loose
and/or protruding ice or rocks, falling, and
avalanches are the main causes of death for
mountain climbers, causing life insurance
premiums to increase up to 5 per 1000 of
coverage.
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Scuba Diving
Numerous causes of death are associated with
scuba diving include equipment failure (e.g.
oxygen tank malfunction), improper ascent or
descent (resulting in fatal injury), and cardiac
arrest. Life insurance policies are obtainable,
but premiums are at least 5 higher per 1000 of
coverage as long as divers do not swim deeper
than 150 feet. Any divers who explore deeper than
that are usually denied coverage.
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Skydiving
Inoperable parachutes and other equipment
malfunctions are the biggest causes of death in
skydivers. High insurance premiums are part of
the package if an individual is considering
engaging in this type of sport, and some
jurisdictions may not issue policies to
participants.
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Recreational/Amateur Airplane Flying
During pilot training and certification,
individuals are educated on the many risk factors
(e.g. equipment malfunctions, pilot errors, etc.)
that would account for high insurance premiums.
Since 9/11. the issuing of life insurance
policies has been subject to tighter governmental
regulations, so the number of insured flight
pilots has decreased dramatically in the past
decade.
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Other Sports That People Engage In Where Life
Insurance Is Not Issued

• Free Running (running and jumping from rooftop to
  rooftop at very high speeds), Base Jumping
  (jumping from very high elevations to the
  ground), Cliff Diving, Recreational Boating, and
  Big-Wave Surfing (professionals are
  exempt).Most high-risk sports that require
  training and certification either have insurance
  options included in the certification process or
  have a waiver of responsibility which requires a
  signature. Interested parties should contact
  their nearest licensed insurance agent to explore
  their coverage options before participation.

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