Securing life insurance in your 20s could potentially save…
If you live life on the edge, then it’s important to have adequate protection in place for your family should anything happen to you.
But having a dangerous hobby such as extreme sports can pose a physical risk that ordinary hobbies don’t - which can affect your eligibility for life insurance.
Your chosen sport and details of your activities will help to determine how risky it is to insure you and the cost of your monthly premiums (if you’re offered a policy).
Some insurers are better than others for covering those who take part in extreme sports, which is why it’s important to compare multiple quotes.
At Reassured, we have a team of friendly experts who could help you find the right policy at the best price we can offer from a panel of top UK insurers.
Our award-winning comparison service is fee-free. Safeguard your family’s financial future with life insurance today.
Yes, life insurance does cover extreme sports. Your life insurance will be valid as long as you disclose any extreme sports that you take part in during the application process.
Having a policy in place means that if you pass away due to an accident or from natural causes during the policy term, your loved ones can make a claim.
Engaging in extreme sports won’t impact your life insurance once it’s secured, but it could impact your eligibility and (if your application is accepted) how much you pay.
Every life insurance application is assessed on a case-by-case basis so your specific sport and details of your activities will determine the outcome.
Life insurance is a type of policy that provides a cash pay out to your loved ones if you pass away during a set term.
You can choose how much cover you need and how long the policy lasts based on your current financial commitments.
The cost of your monthly premiums will depend on your personal circumstances (including details of your extreme sport) and the terms of your policy.
If you have a family who rely on you financially, the consequences of you passing away could be devastating, but life insurance can provide a lifeline.
Especially if you take part in dangerous hobbies on a regular basis, knowing that your family is protected can give you peace of mind when you’re taking extra risks.
Get in touch with Reassured for your free, no-obligation quotes.
Examples of extreme sports and dangerous hobbies that could affect life insurance include:
Snow and ice sports
When you apply for life insurance, you’ll need to inform the insurer of any extreme sports or hazardous activities that you take part in (such as those listed above).
You’ll also need to provide full details of your chosen sport/hobby, for example:
This information is used to determine the level of risk you pose (the likelihood of a claim) and to calculate your monthly premium (if you’re offered a policy).
During the application process it’s important to be fully open and honest about your lifestyle to ensure that you take out the right cover to protect your loved ones.
If certain details are inaccurate or not disclosed on your application, this could invalidate your policy and a pay out could be refused when you pass away.
Life insurance policies for extreme sportspeople are the same as for anyone else. The best policy for you will depend on your personal circumstances and needs.
At Reassured, we can help arrange different types of life insurance, including:
Find out your available policy options and get free, personalised quotes by contacting Reassured.
The cost of life insurance for extreme sports participants will depend on your personal circumstances and the details of your chosen policy.
Your monthly premium is determined by:
Those who take part in dangerous activities and hobbies may be charged a higher premium due to the increased risk of a claim.
However, each application is considered on a case-by-case basis so your chosen sport and the details of your activities will determine how much you pay.
Some sports are considered less risky than others by insurers so in some cases you may be able to secure life insurance at the standard price.
Prices will also vary between insurers, particularly if you live a less than ordinary lifestyle, so it’s important to compare multiple quotes.
Why not get free life insurance for extreme sports quotes through Reassured to find the best deal we can offer?
Many extreme sports need to be carried out overseas, therefore as an extreme sport enthusiast you may travel frequently to various countries across the globe.
Therefore, it’s important to be aware that part of the application for life insurance will include questions about your past and future travel plans.
You’ll be asked if you intend on spending long periods of time in any country that’s deemed high-risk by insurers, such as:
If you answer yes for any of these countries, then further details will be required, such as the duration of stay and which exact area you stayed/will be staying in.
Insurers will take into account this information to assess the additional risk involved with your application.
If you’re refused life insurance by one insurer due to your extreme sport, this doesn’t mean other insurers will refuse your application too.
The level of risk you pose will vary between insurers because of the different underwriting processes (how they each measure risk).
Using a life insurance broker can help you identify insurers who are more likely to accept your application, saving you the time and hassle.
At Reassured, we have an impaired risk team that has a good track record of helping applicants who’ve been declined elsewhere, find some form of cover through us.
Contact Reassured to speak to a member of our specialist impaired risk team who will do their best to find you a suitable policy.
If you’ve tried all avenues and unable to get the protection you need due to your lifestyle, and you’re aged 50 - 85, then you may consider over 50 life insurance.
Over 50 life insurance (or an over 50s plan) guarantees acceptance if you’re in this age group and it doesn’t require details about your health or lifestyle when you apply.
Monthly premiums are affordable (from just £5 a month + ) and a pay out is guaranteed when you pass away, which could be used to help cover your funeral costs.
Read our over 50 life insurance guide for more information about this type of policy »
It’s natural that life will start to slow down at some point and your circumstances may change while your life insurance policy in place.
If in the future you decide to quit your daredevil lifestyle (and you’re paying an inflated premium), then you may consider getting quotes for a new policy.
Depending on your age and health, this could result in cheaper premiums as you may present less of a risk to insurers.
If you’re earning an income from your extreme sport (or alongside your adventurous lifestyle), you may consider these additional types of insurance to protect your family:
Income protection insurance
Income protection is a type of policy that helps to replace your income if you’re unable to work due to an injury or illness. It can pay out up to 70% of your usual income in monthly (tax-free) payments.
It’s possible to get income protection insurance for people who take part in extreme sports but it’s important to shop around for a suitable policy, as terms offered will vary between insurers.
Available through Reassured Advice.
Critical illness cover
Critical illness cover provides a cash lump sum if you’re diagnosed with a specified critical illness, which can be used to help replace your income and cover essential costs while you’re unable to work.
It’s also possible to secure critical illness cover for extreme sports enthusiasts.
At Reassured, we can help compare quotes for life insurance combined with critical illness cover as one policy, to help you find a good deal.
Life insurance is available to professional sportspeople, but taking part in high-risk sports can affect whether you qualify for cover and (if you do) the cost of your monthly premiums.
Insurers will take into account key factors to determine the level of risk you pose, such as:
Some professional sports are seen as less risky than others. For example, if you take part in tennis, football or golf in a professional environment then these are typically low risk sports which shouldn’t impact your eligibility or the cost of your premiums.
Professional sports that are considered high risk by insurers tend to include:
Other factors such as your health, medical history, age and BMI will also be taken into account to help them decide the outcome of your application.
If you’re a professional athlete such as a rugby player, jockey or boxer then it’s even more important to ensure that your family are protected if the worst happened to you.
Get in touch with Reassured to see if we can help you save money on your life insurance for athletes.
If you have financial dependents, then taking out life insurance could be essential.
While indulging in extreme sports could limit your available options, shopping around could help you find affordable cover to suit your needs.
At Reassured, we can compare multiple quotes from a panel of major insurers to source you our best deals based on your circumstances.
We have more than 14 years of experience finding high risk applicants suitable financial protection for their loved ones.
Get your free, no-obligation quotes today.
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