Life Insurance for Skydivers (Discounts & Rates)

Those who skydive may have difficulty finding affordable life insurance for skydivers. This is because skydiving is considered a high-risk activity by life insurance companies. Those who participate in high-risk activities will see increased rates on their life insurance. For high-risk individuals, term life insurance is the most affordable option.

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D. Gilson is a writer and author of essays, poetry, and scholarship that explore the relationship between popular culture, literature, sexuality, and memoir. His latest book is Jesus Freak, with Will Stockton, part of Bloomsbury’s 33 1/3 Series. His other books include I Will Say This Exactly One Time and Crush. His first chapbook, Catch & Release, won the 2012 Robin Becker Prize from Seve...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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UPDATED: Mar 3, 2022

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The Highlights

  • Skydiving is considered a high-risk hobby to life insurance companies
  • Skydivers who do not already have life insurance will see an increase in their rates
  • The most affordable life insurance for skydivers is a term life policy

Are you thinking about taking up skydiving as a new hobby? Before you do, take the time to read up on life insurance for skydivers.

Skydiving has a big impact on your monthly life insurance rates, so keep reading to learn how to avoid paying more for life insurance.

Are you ready to start looking for the best life insurance for skydivers? Enter your ZIP code above, and we will help you get started.

Will I pay more for life insurance if I skydive?

As a skydiver, you are going to pay more for life insurance than a non-skydiver. The main reason for this is that life insurance companies deal in statistics and danger analysis.

The most dangerous and potentially life-threatening an activity is, the larger an impact it will have on your monthly rates.

Skydiving is a risky hobby and inherently more dangerous than not skydiving. Therefore, if you occasionally jump from a plane, your rates will be higher.

If you regularly choose to jump from a plane, however, you will see a huge increase in monthly rates for your life insurance coverage.

According to the United States Parachute Association, 2020 saw a total of 11 skydiving deaths and an estimated 2.2 million jumps. Despite this, skydiving would like appear on general list of dangerous hobbies.

While that means that a very low percentage of jumps leads to death, because skydiving is an optional activity, it still has a huge impact on rates. The cost of life insurance is impacted by an individual’s risk profile.

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How can I get more affordable life insurance for skydivers?

If you are preparing to submit a life insurance application, your best bet is to get life insurance before you choose to skydive. Many life insurance policies will have a certain period of time where they can raise your rates if you take up a new occupation or hobby.

If you go through the application process, purchase life insurance and then wait out that period before taking up skydiving, your rates won’t change. This is one route to ensure a more affordable rate on your life insurance premiums.

However, if you cannot wait another moment to skydive, life insurance rates for skydivers are traditionally lower when purchasing term life insurance policies.

It’s also important to note that every life insurance company uses a different system to calculate risk. This means that you want to compare multiple term life insurance quotes before you buy life insurance for skydivers.

The last option available to find more affordable life insurance is to find a life insurance company for skydivers that will offer an exclusion.

This means that they will not pay your death benefit if you pass away due to a skydiving accident.

If you choose to go the exclusion route, it is a good idea to purchase supplemental insurance of some kind to provide coverage for a skydiving accident.

However, exclusions are not available from all companies, so you will likely have to shop around and find the right company for you.

While finding affordable life insurance as a skydiver is a challenge, it is not impossible. Take the time to consider all your options before you purchase a policy or schedule your next jump.

Do you want to start comparing life insurance quotes for skydivers? Enter your ZIP code below, and we will help you find the right provider and policy for the right price.

Are you looking for free insurance quotes?

Your one-stop online insurance guide. Get free quotes now!

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