Life insurance for extreme sports lovers

Insurance companies don’t like to cover extreme sports or excessively dangerous travel activities that involve a high degree of risk. These activities often involve speed, height, a high level of physical exertion and highly specialized gear. Extreme tourism overlaps with extreme sport – the two share the main attraction, “adrenaline rush” caused by an element of risk, and differing mostly in the degree of engagement and professionalism.

What’s considered an extreme sport?

Although the term “extreme sports” doesn’t have a legal definition, extreme sports may be perceived as extremely dangerous, conducive to fatalities, near-fatalities and other serious injuries. The perceived risk in an extreme sport has been considered a somewhat necessary part of its appeal, which is partially a result of pressure for athletes to make more money and provide maximum entertainment.

Extreme sports is a sub-category of sports that are described as any kind of sport “of a character or kind farthest removed from the ordinary or average”. These kinds of sports often carry out the potential risk of serious and permanent physical injury and even death. However, these sports also have the potential to produce drastic benefits on mental and physical health and provide opportunity for individuals to engage fully with life.

Extreme sports that insurers consider higher risk might include:

• Bungee jumping
• Cave diving
• Extreme pogo
• Mountain biking
• Freestyle scootering
• Freestyle skiing
• Hang gliding
• Ice climbing
• Ice diving
• Inline skating
• Land windsurfing
• Motocross
• Motorcycle sport
• Mountain climbing
• Mountain biking
• Paragliding
• Rock climbing
• Ski jumping
• Skydiving
• Snowboarding
• Surfing
• Volcano Boarding
• Water skiing

Life insurance for extreme sports or travel insurance with an extreme sport clause?

You have several options for finding life insurance that fits you and your favorite pastimes. Some insurers offer policies exclusively for extreme sports — but they have their limitations. For example, skydiving life insurance is available in low coverage amounts and will cover you if you die, or are injured, during a jump. If you only skydive on vacation, you could look into a travel insurance policy that includes a skydiver clause.

Life insurance for extreme sports enthusiasts

ATTENTION: Many standard life insurance policies have an exclusion clause for extreme sports, so your beneficiaries might not receive any money if you die in an accident.

If you discover an exclusion clause in your policy documents, consider taking out another policy to protect you and your family in case something happens to you while you’re participating in your hobby. Look for a guaranteed renewable policy, which means your insurer can’t change your coverage or raise your rates as long as you pay your premiums on time.

While many insurance companies will not cover you for death or injury sustained in the course of extreme activities, there are still plenty that will. Each insurer has its own underwriting guidelines, and some will be more lenient with extreme sports than others. Work with an experienced broker that knows which providers are more likely to have policies that suit you. By working with one, you’ll likely be provided with several options they believe you have a strong chance of qualifying for.

If the thrill of base jumping or cave diving get your adrenaline going, with some plans you can get up to $500,000 in coverage for no medical life insurance, no matter your lifestyle. It’s simple, fast and easy to apply for. Those plans require no needles, medical exams, or doctors’ reports to qualify you for coverage.

For example, with Canada Protection Plan’s Life Insurance for Extreme Sports enthusiasts, you can rest assured that the financial security of your loved ones is protected in the event of your passing. Whether you’re 18 or 80 you can apply, including temporary residents with a valid work or study permit.

• Applying is easy
• Complimentary benefits
• Affordable rates
• Permanent and Term Plans available

If you are an active extreme sport enthusiast, or you love traveling to take part in your favorite sport, or you might be interested in something you’ve never tried before, you can find coverage for over 500 different sports and activities on the list. These extreme sport life insurance and adventure travel Insurance offer varying levels of benefits and coverage, depending on your budget and needs. You can feel confident that your coverage will be there when you need it.