Life Insurance for the Skydiving Enthusiast

Joseph Meyer
Written by
Last update:

What if you already have life insurance?

You still need to think about sky diving life insurance. Whether you are an experienced jumper or an authorized tandem jumper on your first jump, everyone needs coverage.

If you’re concerned about sky diving being considered an extreme sport, relax. It is not. You blithely hop out of the plane and float down to the ground while the adrenaline courses through your body. It is something you should do at least once.

This is what makes it hard to purchase an insurance policy. One would think that insurance companies would be happy to make money on those keen to jump out of planes. Yet, that is not always the case.

When it comes to health and life insurance, there are two things that matter: health and risk. Sky diving is not dangerous to your health, i.e., it doesn’t make you a worse off person. So why aren’t some companies willing to insure you?

What do insurance companies look for regarding skydivers?

It’s more than just your family’s memories and work toward your ultimate goal that is at stake here. There’s your hobby, your life, and your future. So it’s up to you to make sure that your parachute will open when you need it the most.

It’s important to know the exact USDAA requirements, but there will certainly be things that won’t be listed here, so make sure to find out from your insurance company any extra requirements they might have.

  • Aims for the skydiver to maintain at all times a good knowledge of the sport of skydiving and of the equipment and techniques involved;
  • Flexibility and awareness of self in relation to others limits;
  • The skydiver shall use his sport exclusively for sport, fun, entertainment, competitive endeavour, and/or training;
  • The skydiver shall never participate or practice the activity unless he operations his own parachute system in accord with the approved procedures and limitations of this sport as promulgated by the sport and with the prescribed equipment;
  • The skydiver shall not permit any form of parachute activity in the sport;
  • The limits of the activity are set by the applicable rules and equipment;

Sample Life Insurance Quotes for Skydivers

Sky divers, like athletes, require special coverage and will get much higher quotes.

A policy that already protects you from the risks of your job, like flood insurance for a river boat captain, is usually enough for any average citizen.

If, however, you are an adrenaline freak and perform your daily routine at a considerably high risk, then you will definitely need a specialized policy.

Getting a Quote

If you’re an experienced skydiver, you probably know all there is to know about the sport. From the action-packed aerobatic free fall to the exhilarating landing, you know it all. You probably also know what to do when you’re up in the air. But let’s face it, no one knows what’s going to happen when they die. In fact, some people’s bodies are never found.

So if you’re an experienced skydiver shouldn’t you consider life insurance? Life insurance is a smart hedge against the unknown. It’s a way to ensure that your family, loved ones, your business, your passions and more are protected from financial losses when you’re gone.

It’s important to buy life insurance while you can. But how can you make sure that your coverage when you’re gone? What if the unthinkable happens and you die while experiencing the thrill of skydiving?

Buying life insurance for skydiving is a lot easier than you think. All you have to do is get a quote today. The experts at Worldwide Risk Group can answer all your questions and help you get the right coverage.

Other factors

Still, the life insurance recommendation for people who participate in a risky activity like skydiving is in the high five and even six figures. The probability of a skydiving accident resulting in death or a permanent disability is just too high for an insurer to ignore. If you have a dependant wife and children, a husband who skydives is raising his family’s life insurance premiums (to infinity, and beyond).

Your Options

Through the years, we saw some of the best developments in the insurance industry. If you compare the portfolio of the leading life insurance companies with those of couple of decades ago, you’ll notice that they will really meet all your needs. In addition, if you want to decrease the premium or the interest rate, you can even use one of the many ways to lower your life insurance premium.

The only thing that has to be kept in mind that to get the maximum benefit out of life insurance, you must carefully select it. Yet you have to remember that life has a surprising way of intervening and our needs may change. This means that you may have to shop around life insurance companies to be sure that you get the right level of coverage and policy protection you require.

Life Insurance and skydiving

Once you begin taking parachute training for skydiving, you may start to wonder whether or not you should get life insurance. It’s a good question to ask. After all, skydiving takes a lot of effort and can be very risky (especially in the early days when you’re still learning).

The answer to this question depends on who you are. To figure out the best life insurance for you, you’ll need to consider these three things:

  • Why you’re taking up skydiving
  • How much risk you’re willing to take
  • Your age and health

To find a plan that’s right for you, you’ll need to talk to a skydiving-friendly agent. An agent will help you find skydiving life insurance that’s customized to suit your needs. There are two main types of life insurance available to skydivers: Individual and Group.

“Individual” life insurance is a policy between you and the insurance company … and it’s not much different from what most people buy. It’s designed for skydivers who will be jumping alone, and it requires an exam from a certified doctor.