Life insurance for dangerous hobbies
The idea of life insurance is to protect our family and our homes should anything happen to us to make us seriously ill or die.
It’s important for people who take part in dangerous hobbies to make sure that they’ve got proper cover. You shouldn’t have to pay more for life insurance or critical illness cover just because of your hobby, but you should at least consider your options in our opinion.
People in the UK have always been active and adventurous so it’s not unusual for someone to take part in a dangerous hobby.
Why is iam|INSURED a dangerous hobbies expert?
We’re not just one of those companies that tells people what they should do and doesn’t actually understand it.
Our team has a history of taking part in dangerous hobbies and extreme sports, so we know more than most from actual experience. Most of us have also got families and children so we see it from your perspective as well.
Don’t be told what to do by those companies that simply don’t understand your needs… we live it and breathe it.
We’re a small team of extremely passionate and dedicated people that understands life insurance to help protect families like yours.
Our SUPER FRIENDLY team of EXPERTS is proud to be the highest-rated life insurance specialists in the UK. We have a customer service rating of 5.0 out of 5.0 stars on Feefo and our reviews speak for themselves.
Don’t just take our word for it… READ OUR REVIEWS
We also have access to one of the most comprehensive panels of insurance partners in the UK, so you get the BEST COVER at the LOWEST PRICE.
What is a dangerous hobby with life insurance?
There are literally thousands of different types of sports, hobbies, and pastimes.
A dangerous hobby when it comes to life insurance will be based on the type of activity and the environment. For example, you could take part in certain activities that are:
- At heights (e.g. climbing)
- Aviation based
- On water or at sea
- With animals (e.g. horse riding)
- Underground (e.g. potholing)
Not everything is classed as high risk or dangerous so you might not need to disclose some activities or hobbies.
Does life insurance payout for dangerous hobbies?
YES – if you have life insurance and you die whilst taking part in a dangerous hobby then you should be covered.
Your family will receive a cash lump sum to help them financially if you are no longer around to provide for them. This can be a very real risk with certain hobbies and something that should be considered very carefully.
Life insurance will pay out a lump sum to your loved ones to be used for:
- Pay off mortgages
- Clear debts
- Rent payments
- School fees
- Cost of living
- Tax bills
You can use life insurance for almost any reason so it doesn’t just have to be for a mortgage or to protect your home.
Most people who take part in dangerous hobbies that have children should seriously consider proper life insurance. You can have peace of mind that your family is protected in the future should anything happen to you.
If you already have life insurance in place and you decide to take part in a new dangerous hobby then you won’t need to disclose that to your existing insurer.
Does critical illness cover payout for dangerous hobbies?
YES – there are a few reasons why a critical illness cover policy can be useful for people who take part in dangerous hobbies.
It’s also possible that if you take part in a high risk hobby you are exposed to risks of serious injury in some cases. Obviously, this is something that we don’t want to really think about or consider, but it is good to be prepared just in case.
Some of the things that can be covered by critical illness for dangerous hobbies:
- Loss of limbs
- Serious burns
- Major organ transplant
- Permanent disability
Most people wouldn’t often relate critical illness cover to dangerous hobbies and accidents cover, but there are definitely things that are covered.
You can use a critical illness cover payout to provide you and your family with an income for a period of time while you recover, or to pay for things like medical care and adaptations to your home.
Top 20 dangerous hobbies
Here’s a list of our TOP 20 dangerous hobbies so you can see the sort of activities that are classed as higher risk.
4. Scuba diving
6. Horse riding
8. Skiing or snowboarding
9. Hang gliding and paragliding
10. Rock climbing
11. Mountain biking
12. Ice climbing
14. Ocean sailing
16. Private pilots
18. Potholing or caving
19. Base jumping
These are just some of the most common dangerous hobbies or activities that we deal with on a regular basis. Not all are classed as dangerous of course but there are some risks with taking part in some of these.
For a list of our dangerous hobbies, you can visit our A to Z of activities page, and don’t worry if you can’t find yours, just give us a call.
About life insurance and dangerous hobbies
Here we’ll look at and consider what’s the best way to get life insurance if you take part in a dangerous hobby.
Can I get life insurance with dangerous hobbies?
If you take part in a sport or activity that is classed as dangerous, then you might be asked for information about it when you apply for life insurance.
It’s not necessarily the case that it will have an impact on your application or even cause any issues, life insurance companies just want to know about certain things. You might also take part in a dangerous hobby that insurance companies don’t need to know about, it depends on what it is.
Some of the things that can be classed as dangerous hobbies will include activities at heights, water sports, mountaineering, aviation, motorsports, and other similar activities.
If you’ve applied for life insurance in the past and struggled because of your hobby, don’t worry, you might just need some expert advice and guidance. It can be that you just applied to the wrong company for the type of activity that you do.
Cheaper life insurance with dangerous hobbies
It is very possible to save money on life insurance, especially for people who take part in hazardous activities.
Often we apply to the cheapest or quickest company to get life cover, but that’s not always the best option. Some insurance companies are clearly better than others when it comes to dangerous hobbies.
Some of the best ways to save money on your life insurance are:
- Speak to an expert (get the right advice from someone who has experience in this area)
- Apply to the right insurers (some insurers are simply not great for certain activities)
- Get cover younger (if you take cover at a younger age then it will be cheaper)
- Quit smoking (fairly obvious, but if you give up smoking then premiums are lower)
Also if you took part in a dangerous hobby previously and have now given that up, then you could now reduce your life insurance rates (premiums).
Can I get critical illness cover with dangerous hobbies?
YES – most insurers will offer critical illness cover for people that take part in dangerous hobbies.
You might find that you’ll need to shop around a bit to get the right cover at the right price. Some life insurance companies might also apply an exclusion to some critical illness cover policies so you’ll need to check your policy wording properly.
There are also companies that offer better conditions lists for people who take part in hazardous activities, so it’s worth checking your documents.
Best life insurance with dangerous hobbies
There are lots of different options when it comes to applying for life insurance for dangerous activities and that’s the same for everyone.
If you take part in high risk hobbies then you should still have the same options for cover as anyone else. There are several things for you to consider to make sure that you’ve got the best cover to protect your family.
- How much cover do you need?
- How long do you need cover for?
- What are you protecting (e.g. home or family)?
- Why do you need life insurance?
Some of the options that you might want to consider for different types of life insurance are:
- Family life insurance (Level Term)
- Mortgage life insurance (Decreasing Term)
- Whole of Life
- Over 50’s life insurance
- Family Income Benefit
- Business life insurance
- Accidental death
Need more help with life insurance for dangerous activities?
If you still need help or advice to get the BEST cover then you can contact our SUPER FRIENDLY life insurance EXPERTS.
Call us FREE on 0800 009 6559 or CLICK HERE.