Life Insurance for High Risk Activities

Joseph Meyer
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How High Risk Activities Influence Life Insurance Rates

Life insurance is pretty straightforward except when it comes to high risk activities. Many people are surprised to find that people involved in certain activities pay a premium or cannot get coverage at all.

Insurance companies look at two characteristics before they decide if they will charge an extra premium:

  • The likelihood of mortality
  • The financial impact on the company

Life insurance comes with a cost to the insurance companies.

Investment, current health of the company, taxes, as well as death benefits are factors that come into play when determining the cost of the insurance premiums.

Low risk activities can produce a positive movement on the insurance company’s books whereas high risk activities can have a negative impact on them.

High Risk Activities

Being in a military position or a member of a gang… the risk of early death is higher, and the rate may higher. Being a non-smoker, having a clean health profile and living in a low crime neighbourhood are all factors that will help lower your premiums.

Riskiest Activities for Life Insurance

What’s the riskiest way to die? This is a question that I’ve been asked a lot throughout my career. While each death is unique and there are often many contributing factors, there are certain activities that always seem to rank high on the dangerous list. While horseback riding is responsible for the most deaths, the simple act of drinking a cup of tea has caused more deaths than you’d think.

The following list comes from a report compiled by the U.S. Consumer Product Safety Commission (CPSC) called the National Electronic Injury Surveillance System (NEISS). This is the agency that gathers information from the majority of U.S. hospitals about injuries related to consumer products. Because the data is voluntarily submitted, participation is not mandatory, so the results are not necessarily inclusive of every public/commercial establishment. However, despite these limitations, it is the most comprehensive collection of data in regards to injuries suffered while consuming hot beverages.

There are three different ways to look at the list of risky activities:


Skydiving is one of those high-risk activities that, when you look at where most accidents occur, you will notice they're almost always a result of pilot error. Even with only around 4% of skydivers suffering some kind of injury or malfunction, especially with parachute malfunctions, it's still something people worry about. The good news is that levels of accidents have dramatically declined over the last few years due to better education of the general public on high risk activities, and better safety measures on skydivers overall. Although as you can imagine, it's still risky.

Another high-risk activity is rock climbing, and although there isn't an average compared to the number of people who die doing it, it's clear that there still are some concerns about rock climbing. I guess it's just human nature, we all want to take the risk, it's what gets our adrenaline going, and it's the danger that we all love about these activities, but it's still scary knowing that one mistake can cost you or someone close to you dearly.

Another high-risk activity I want to point out is scuba diving, another activity that is very well known as being high risk. And while it's a more relaxing activity, scuba diving is sometimes treated like a sport, which makes it a form of extreme sport. As a result, accidents can happen, and it's something you should be aware of.


Motorcycle and Skydiving Life Insurance.

If you believe that you have a high view of what you want to achieve in life, then an aviation life insurance quote or motorcycle life insurance quote can be a thing that you need to consider. These are the most expensive types of life insurance quotes that you can ever opt for. They are increasingly becoming the thing to be had, especially from those that are high-risk enthusiasts.

Regardless of what you’re prepared to spend to ensure that you and your family have adequate funds to deal with the inevitable worst case scenario, it’s important to know you can get the best insurance in the business. The policy not only ensures that your family remains protected even the worst happens to you. But also you have choices.

Aviation life insurance covers you even if you’re death happens as a result of working in the flying or aviation line. There is a clause that states that you cannot have been drunk or intoxicated when the death occurs. This is to ensure that you have not taken any risks yourself and it was the job itself that killed you.

Other than that, you need a valid medical as well as a valid health insurance that makes you able to take up the offer. If you’re able to pass the medical test, it shouldn’t be a problem to get this insurance.

Scuba Diving

If you’re considering scuba diving as a hobby or are having second thoughts about pursuing it in your retirement years, you’re not alone. While scuba diving is generally considered one of the safest of all water sports, it’s still an adventurous activity and a potential source of accidents and injuries. Diving accidents can result in loss of life or limb. If you’re like most people, the thought of losing a limb or worse is enough to give you nightmares. Because of this, you may be considering getting the best possible life insurance to protect your family in case a tragedy occurs.

Because scuba diving’s most common risks include drowning and drowning-related incidents, you may be wondering how life insurance companies will be able to accurately assess the risk for your individual circumstances.

The good news is that scuba diving accidents usually follow a similar pattern. In fact, the first comprehensive study of scuba diving accidents was reportedly conducted by the Divers’ Alert Network. This study was conducted by surveying 832 of their emergency and accident response calls they received from the period of December 1990 through March 1991.

Water Sports

Mountain Climbing

If you’re planning to hike or climb mountains, you might want to consider purchasing mountain climbing life insurance. This insurance policy covers the lives of individuals who are engaged in the profession of mountain climbing or who are members of an organized group scheduled to climb the peak.

What are the criteria that are used for approving the policy requests?

  • The policy will be issued only for the sum assured assured by the insurer. If the sum assured asked for is less than the policy limit, the policy will be issued only for the policy limit.
  • An Aged between 20 – 50 years.
  • Maximum age limit up to 75 years is considered
  • The applicant must be a Non- Smoker
  • The insured must be a minimum of Class IV employee according to Indian Railway Medical Complex.
  • The insured must be a minimum employee of the organization he/she belongs.
  • Highest qualification fixed for employees will be considered.
  • Age limit will be between 20-75 years.
  • The insured must be healthy. Pre existing diseases are not covered.
  • In all family (widow/dependents) must be covered.

Climbers must have valid minimum medical reports from RMS Himalaya and any other medical certification from the doctor according to the guidelines of the insurer.

Back Country Skiing

In back country skiing or snowboarding, the risk of death is high. But you can get life insurance for back country skiing. Backcountry skiing is a dangerous sport that requires good skill, knowledge, and experience. An insurance company usually won’t issue a life insurance policy to anyone who wants to engage in this risky sport. But there are exceptions.

In the rare case that you are able to get a life insurance policy for back country skiing, the coverage will be different from that of a life insurance policy that you would regularly obtain.

The term life insurance policy for back country skiing covers death from any cause for skiing accidents that happen during back country skiing trips. If you are killed during a back country skiing trip, your beneficiary gets an amount of money equal to the death benefit of the life insurance policy. You, as the life insurance policy holder, can take as many back country skiing trips as you want during the term of the life insurance policy. The insurance company does not collect any premium from you in exchange for this life insurance policy.

However, the life insurance company will pay a huge claim if you die during a back country skiing trip.


When you’re taking part in a racing activity, there are some adjustments you should make in your life insurance. The specific coverage you need will depend on the type of racing sport you are participating in.

Motocross is the fastest growing type of organized racing. Riders get to drive around outdoor courses, flying around obstacles, ducking behind hillsides and through whoops. These courses are often set on private property, which means spectators can get very close to the action.

Because of this, there’s a high risk of spectators being injured by a crashing or flying vehicle.

Career racing (otherwise called “Street Racing” in the U.S.) is also becoming increasingly popular. As people become more and more obsessed with the adrenaline rush of dragsters, and with illegal racing events like “Pinks” on city streets, the risks involved become higher for racers and spectators.

Life insurance for high risk events like racing isn’t inexpensive … but it is definitely worth paying extra for.

Tips for Life Insurance with High Risk Hobbies

Getting a quote for life insurance is important, but for some, it can be a little complicated and stressful. But should it be? At the end of the day, buying life insurance is about letting your loved ones know that you’ve been thinking about them and have provided for them if anything were to happen. It’s about giving your family peace of mind with the knowledge that they’ll be financially set following your death.

For anyone with a family, it’s vitally important to make it clear that your loved ones are provided for following your death. But let’s face it, for some hobbies and careers, buying life insurance can be more difficult than for others. This is a real shame, as I’m sure that many people would love to have life insurance, but don’t realize how difficult it’s going to be. If you’re one of these people, don’t worry, I’m going to give you some tips on how to get around this.

Bottom Line

Lifelong Coverage with Temporarily High Rates?

You’ve been working hard and making good money for years. You’ve been thinking about life insurance and wondering if it’s time to make that purchase. Now it’s time to take the plunge. There are quite a few life insurance options available out there but there’s one category that stands out as a great fit for people with a high-risk lifestyle – the life insurance policy that is replaced automatically on an annual basis.

Below you’ll learn more about this type of policy and how it can work well for you and a few of its potential drawbacks.