Life Insurance for Skydivers
Skydivers can get life insurance, but insurers typically add a flat extra charge to standard premiums based on jump frequency. Most companies charge $2.50-$5.00 per $1,000 of coverage for recreational skydivers who jump fewer than 50 times annually. Professional skydivers or those with more frequent jumps may face higher rates or need specialized coverage. Life […]
Life Insurance for Scuba Divers
Believe it or not, life insurance does tend to differ when it comes to scuba divers. This is due to that fact that extreme sports such as scuba diving do carry risk. Life insurance for scuba divers varies incredibly depending on many factors, and if you don’t use the right life insurance company based on […]
Life Insurance for Pilots: Affordable Rates & Full Coverage
Commercial pilots qualify for the lowest rates; however, newer pilots need guidance to get affordable life insurance. While you’ll face additional underwriting questions about flight hours and aircraft type, commercial pilots qualify for preferred rates. Some private pilots may see a “flat extra” fee of $2.50 to $10 per $1,000 of coverage, depending on experience […]
High Risk Activities That Increase Life Insurance Premiums
Life insurance companies classify hobbies like skydiving, scuba diving, rock climbing, motor racing, and private aviation as high-risk activities that can increase your premiums by $2 to $5 per $1,000 of coverage through flat extra charges. Underwriters evaluate your activity based on frequency, certification level, experience, and safety record. You can still get coverage by […]
High Risk Occupations and Life Insurance
Yes, you can get life insurance even with a dangerous job. Most high-risk occupations like construction workers, firefighters, and commercial fishermen qualify for coverage, though many insurers charge flat extra premiums ranging from $2 to $5 per thousand dollars of coverage, depending on your specific job and the company you choose. You work on an […]
Life Insurance for Active Duty Military
There are options for life insurance for active-duty military members with a variety of different components. Servicemembers Group Life Insurance (SGLI), Veterans’ Group Life Insurance (VGLI), and Conversion options, are just a few of the major components. Reaching a greater awareness of the features of each gives you the details that allow you to make […]