Life insurance, critical illness cover and income protection for extreme sports or dangerous hobbies
Sports Financial specialises in providing life insurance for individuals engaged in extreme sports or hazardous hobbies, often considered “high risk” by insurance underwriters. If you participate in extreme sports and require life insurance, you may encounter additional requirements during the application process, such as:
- Information about your sport
- Any qualifications
- Club or Association memberships
- Frequency of participation
- Level (e.g. Professional, amateur, semi-professional etc.)
Extreme sports life insurance, critical illness cover and income protection policies are generally the same as standard life insurance policies with additional requirements that relate to the extreme sport as well as the levels of risk. Life insurance and other types of personal protection are underwritten in the same way as other types of insurance and cover or premiums will be based on the levels of risk. Your extreme sports life insurance policy will depend on which insurance provider you apply to and which type of cover you need.
Life insurance, critical illness cover and income protection for extreme sports or dangerous hobbies are just as important as standard cover, and in some cases more so due to the additional risks of accident, injury or even worse. Most extreme sports and dangerous hobbies carry additional risks for life insurance underwriters and it then depends on what level of danger relates to your activity.
Some examples of extreme sports life insurance:
- Canoeing life insurance
- Caving life insurance
- Scuba Diving life insurance
- Horse riding life insurance
- Motorsports life insurance
- Mountaineering life insurance
- Sailing life insurance
Why extreme sports can affect life insurance
Insurance providers assess applications based on risk, which is why participation in extreme sports and hazardous hobbies often attracts additional underwriting questions. Activities involving speed, height, remote locations or specialist equipment can increase the likelihood of injury or accidents, making them a greater risk from an insurer’s perspective.
The good news is that taking part in an extreme sport does not automatically mean you will be declined cover. Many insurers are willing to offer life insurance, critical illness cover and other forms of protection to people who participate in high-risk activities. The outcome will depend on factors such as the sport itself, your level of experience, qualifications and how often you take part.
Why choose Sports Financial Services?
At Sports Financial Services, we specialise in arranging protection for people with non-standard risks, including those who take part in extreme sports and dangerous hobbies. We understand that different insurers have different attitudes towards high-risk activities, which is why comparing the market can be so important.
Our advisers take the time to understand your sport, experience and insurance requirements before identifying suitable options. Whether you are looking for family protection, mortgage life insurance, critical illness cover or another type of policy, we can help you find cover that reflects your circumstances and budget.
Frequently asked questions about extreme sports life insurance
Does it matter if I take part in professional sports for life insurance?
If you are a professional sports person looking for life insurance then you may find that certain sports are not permitted or will be excluded due to the risks relating to those professional sports. There are also certain types of cover that do not permit or allow professional sports people to be covered, such as income protection and private medical insurance.
What if I stop doing my extreme sport?
If you have cover in place already and subsequently stop taking part in that extreme sport then you may want to re-apply for life insurance to see whether cover is now cheaper for you or comes with fewer restrictions. You should contact one of our team of experts to see what cover would cost for you now.
Do I need to disclose details about my extreme sport for life insurance?
It is important to provide all ‘requested’ information about your sport or hobby on your life insurance application. Some insurance providers require different information so it may be that additional information about your extreme sport is not required on certain life insurance applications.
What if I have been declined life insurance in the past because of my extreme sport?
If you have applied for life insurance in the past and been declined cover or offered cover on special terms then you should not give up. It may be that the company you applied to or the company who dealt with your application for life insurance were not experts in dealing with your type of extreme sport life insurance.
Types of extreme sports life insurance
- Family protection
- Mortgage life insurance
- Critical illness cover
- Income protection
- Whole of life insurance
- Family income benefit
- Business protection life insurance
For more information about any of the life insurance options mentioned above, tailored to your specific extreme sport or hazardous hobby, feel free to contact our team of experts. They can provide personalised advice and help you find the best coverage for your unique needs.