Sports Financial specialises in working with and helping people who take part in extreme sports or have a dangerous occupation to find the best high risk life insurance companies to protect their families. It can be difficult or appear to be a daunting prospect to find the right cover to protect your loved ones and especially for those people who are classed as non-standard. You may have tried to get cover in the past and been declined or offered special terms which may not necessarily be the best that you can get so speaking to one of our team of expert advisers will help you to find the Best high risk life insurance companies for you and your circumstances.
Many of the Best high risk life insurance companies are the same as the usual top insurance providers however there may be a slight difference between the cheapest insurers and which company will offer the lowest premium for you. A specialist insurance company such as Sports Financial will have an in-depth understanding of life insurance underwriting so can help you to find the right insurers for your needs.
There are a number of key criteria questions which would determine whether you are suited to each insurance provider and these points will change from time to time so the best high risk life insurance companies will differ from one period to another. We all want to get affordable life insurance premiums so that we can protect our families and loved ones future in the event that anything happens to us which is how our expertise can help you to get the cover you need.
Which are the Best high risk life insurance companies?
It is very difficult to say which are the Best high risk life insurance companies because underwriting will change from time to time and some insurance providers will accept very different risks to others. There are however certain insurers who are clearly better than others because of the way that they view certain risks and the fact that they are more prepared to accept more non-standard applications.
The main points which would be assessed by underwriters from the best high risk life insurance companies will be:
- How frequently you take part in dangerous activities (sports or occupations)
- What type of activity you take part in
- Which equipment or materials you use
- Do you travel to dangerous locations
Some insurance providers are more likely to accept non-standard risks than others because of the way that they underwrite or because of their financial strength. It is difficult to know which are the Best high risk life insurance companies unless you regularly speak to underwriters which we do.
What other factors impact premiums from the Best high risk life insurance companies?
There are also a number of other standard and key factors which will be taken in to account or that will form part of your application for high risk life insurance. Some of the main other factors for life insurance include:
- Sum assured (£’s)
- Term of cover (years)
- Type of cover
You should also be aware that any of the Best high risk life insurance companies will also use the standard lifestyle factors which include:
- Smoker status
- Height and weight (BMI)
- Alcohol intake
- Medical history
Your premiums will vary from one insurance company to another based on the insurers standard premiums as well as whether they apply any additional loadings for your sport or occupation. You will also find that there may be differences in the type of cover that you are offered from the Best high risk life insurance companies, especially for critical illness cover and income protection.
If you need more help to find the Best high risk life insurance companies to protect your family and loved ones based on your own individual circumstances then you should speak to one of our experts on 0345 565 0935.