If you are a scuba diver, you may be wondering if scuba diving will play a role in obtaining life insurance. Scuba diving is an extremely popular activity, and has been growing in popularity in recent years. It is a fun activity which the whole family can enjoy, while learning about different habitats.
Many divers may be surprised when they apply for life insurance scuba diving because many applications ask if you participate in scuba diving. A variety of different factors go into obtaining life insurance as a scuba diver, and it is important to know what to expect before beginning the life insurance process.
There are many different types of scuba diving, and the degree of danger changes with each type of of scuba diving. This post should help you to understand what to expect when applying for life insurance, and how scuba diving is looked at by life insurance companies.
When applying for life insurance, you are asked questions on the application regarding your medical history, driving history, and any risky activities you participate in. Scuba diving is usually included in the risky activities questions on the life insurance application. It is important to understand, if you answer “yes” to any of these questions it will not disqualify you for life insurance. With this being said, it is a must you tell the truth of the life insurance application. Any activity you participate in which has been known to pose hazards outside the scope of daily living, it will be taken into account.
The most common type of scuba diving classification for someone to receive is the Open Water Diver certification. This certification allows divers to a maximum of 130 feet, but rarely do these divers go past 100 feet. One of the key components life insurance companies will consider for life insurance for scuba divers is how deep you dive. It may seem like common sense, but the deeper depths you dive at, the higher your premium.
If you are consistently only diving at depths less than 75 feet, which is where the average diver dives to, than you can still qualify for the best life insurance rates with most life insurance carriers.
If you are diving between the depths of 76 feet and 100 feet regularly, than it is is imperative you apply with the right life insurance company in order to receive the best life insurance rates (we will cover this later). In this category, some companies will issue a flat extra on your policy, which could make your policy more expensive than a non-diver.
Someone who consistently dives over 100 feet will most likely give you a higher life insurance rating, and will possibly add a flat extra on your life insurance premium. This could vary greatly between companies, and will be looked at on a case to case basis.
Most divers who dive at depths over 100 feet will find it harder to obtain affordable life insurance coverage. It is imperative you work with companies who look more favorable on scuba diving in order to avoid rate hikes and flat extras. Most divers in this category will be considering on a case to case basis, which is a process we can help you through.
Besides the depth at which you dive, life insurance companies also take some other details into consideration. Life insurance companies will also want to know your experience level. Someone who went scuba diving while on vacation, and it was a one time thing, will generally not be rated because of a history of scuba diving. Just like with many risky hobbies, like sky diving or rock climbing, life insurance companies look more favorably on a scuba diver who is more experienced and has multiple licenses and classification. This demonstrates the individual has taken the necessary steps to make sure they are operating safely.
If you diving other than open water diving (at the depths listed above), than you will most likely be considered on a case to case basis. Some of these other types of diving include cave diving and wreck diving. Both of these types of diving require special certification, and it is important you hold these certifications if you participate in these activities. The majority of deaths from scuba diving come from divers participating in a type of diving in which they are not certified.
If you participate in any “risky hobby”, such as scuba diving, one of the most important things you can do is work with an independent life insurance agent who is experienced in dealing with scuba diving clients. The first reason for this is because as independent life insurance agents we have access to over 50 life insurance companies. This allows us to pair you with a life insurance company who is less likely to penalize you for scuba diving.
Being independent life insurance agents also allows us to shop your rate among these carriers, and in turn get you the best life insurance rate.
The second part of the equation is working with an agent experienced in working with high risk cases. We know the right questions to ask you, and the feedback which will help you understand the life insurance underwriting process.
If you are a scuba diver, you can get a quote through our online quoter, and we will be in touch shortly. For immediate assistance with any questions, or for a more detailed quote you can reach us at 843-742-5981.