Sports Financial is an insurance expert for people who take part in extreme or dangerous sports and who have dangerous occupations which includes Life insurance for cyclists. Many would not think that it should be or would be difficult to get a policy such as Life insurance for cyclists as this is generally considered to be very low risk in the eyes of most underwriters. Often you should find that the vast majority of life insurance providers will not even ask for information about cycling as an activity or pass time unless there is something specifically hazardous about your particular circumstances that would make your Life insurance for cyclists premiums increase.
Most cycling insurance cover providers would also usually offer Life insurance for cyclists at the same rate as someone who is classed as a standard risk with no adverse risk issues. There are a number of possible issues when it comes to applying for Life insurance for cyclists which will be similar to others on a standard life insurance application.
If you are looking for a Life insurance for cyclists policy to protect your loved ones then you should consider a number of key factors which will include:
- How much life insurance you need
- What type of life insurance policy you require
- How long would you like your life insurance policy to last for
In most cases your premiums for Life insurance for cyclists will purely depend on these standard factors which means that the price that you are quoted initially will be the same as the price you will pay after your application is submitted. You should also find that unless your application for Life insurance for cyclists is above financial limits (e.g. Over £500,000) then your application should be accepted immediately off online.
There are also a number of other potential issues or risks when applying for Life insurance for cyclists which will be based on your lifestyle and again are the same as anyone else would need to disclose.
Other criteria for Life insurance for cyclists will include:
- Your height and your weight (Body Mass Index)
- Are you a smoker or have you smoked in the last 12 months
- How much alcohol you drink on an average week
- Have you ever been advised to reduce your alcohol intake
- Any medical issues (e.g. Diabetes, Multiple Sclerosis, Epilepsy etc.)
- Health related issues
- Occupational risks
Anyone applying for a standard life insurance policy or Life insurance for cyclists will be asked similar questions from all major insurance providers so you must ensure that you answer all questions honestly.
Other types of cover available to cyclists
As well as Life insurance for cyclists, there are a number of other policies and products that are available to people which include critical illness cover and income protection. Underwriting for these types of policies can be slightly more strict due to the fact that the risk of claim is higher. The vast majority of people consider Life insurance for cyclists or standard life insurance to be more important than critical illness cover or income protection which is not always the case.
You should speak to an expert adviser to find out more about more about Life insurance for cyclists as well as being able to get a competitive quote from one of our team of specialists on 0345 565 0935.