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Diving Life Insurance

It’s often possible to buy diving life insurance from the UK’s top life insurance companies to protect your family or your mortgage. Various things could go wrong when diving (e.g. equipment failure), and your life insurance policy would pay out a cash lump sum to support your loved ones if the worst happened.

Most UK insurers will offer life cover to divers, but some life insurance companies will offer far better prices than others. The price of your cover will be based on things like how deep you dive, and whether you dive as a hobby or if this is part of your occupation.

In this guide, our team of diving life insurance experts will explain how to apply for life insurance as a diver and how your hobby could affect your application. There can be additional things to think about if you are a commercial diver, and you can visit our Commercial Divers Life Insurance guide for more tips and information about this.

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60-Second Summary – Diving Life Insurance

Divers should consider buying life insurance to protect their family or mortgage, due to the potential risk of fatal accidents or injuries while diving. This provides peace of mind and financial security for your loved ones, and your policy could pay out £100,000’s in financial support.

Some insurers are much better suited to life insurance for divers, so it’s best to compare multiple quotes to see which insurers will be the most affordable for you.

  • You will have all the same options for life insurance as someone who doesn’t dive, and you can buy policies like level-term life insurance or decreasing life insurance.
  • The price of diving life insurance will vary based on your age, health, and occupation. Generally, your policy shouldn’t be much more expensive based on diving, unless you dive to extreme depths.
  • Consider things like the age of your children and how much is left on your mortgage balance when deciding on the level of cover that you need.
  • Critical illness insurance for divers can support you financially if you are diagnosed with a serious condition, even if this unrelated to diving.

Diving is a popular recreational activity, and many divers will be able to buy the life insurance that they need without experiencing any major issues. Certain insurers will be more affordable for this type of cover though, so you should check to see what prices each company can offer.

One of the biggest risks with diving is the pressure that the body can suffer when diving to certain depths and what might happen if your equipment fails. Any life insurance company will want to understand how often you dive, and how deep you dive to assess the risk of you needing to make a claim.

You should think about how much cover you might need, based on things like if you have children or other dependents, how old they are, and any outgoing expenses that your family would still need to pay for if you died. Financial journalist Martin Lewis provided some useful information about this in a television interview on ITV’s This Morning, as shown in the clip below.

Martin Lewis’ Guide to Life Insurance – How Much? | This Morning

Does life insurance cover scuba diving?

If you declare that you are a scuba diver during a life insurance application, this should then be covered within your life insurance policy. The main issue would be if you didn’t disclose this and then your loved ones needed to claim, as this could make your policy invalid.

This doesn’t apply to starting scuba diving after you buy life insurance, as your policy is based on your life and health at the time when you applied. It should cover any future changes to your health or lifestyle, without any impact on the price or level of cover.

You don’t need to have a policy like life insurance before you can start diving, but it’s sensible to consider what could go wrong and how your family would cope if there was a serious accident.

Life insurance provides some extra peace of mind that your loved ones will be financially supported if you die due to an accident while diving or for another reason. When you apply, you will be asked some questions about diving to help the insurer understand the level of risk that is involved.

You will also be asked a range of other questions about your medical history and any family history of serious illnesses (e.g. cancer, stroke, heart attacks). This gives the insurer a clear picture of your health and lifestyle, which helps them to decide if they can offer you a policy and how much this might cost.

Key factors for diving life insurance:

  • What type of diving do you do?
  • How many dives do you carry out per year? (provide an average amount or estimate if you are unsure)
  • What type of diving equipment do you use?
  • Do you have any diving qualifications or recognised certificates?
  • How much experience of diving do you have?

Does life insurance pay out for diving?

If you die while diving or due to complications (e.g. embolism or serious injury), your life insurance policy will pay out a cash lump sum to your family. This money can provide much-needed support with essential bills such as repaying your mortgage or paying for your funeral.

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You could be charged more for your life insurance policy if you are a diver, but any serious increase in price would only be for serious diving (e.g. to extreme depths). If you only dive occasionally, this shouldn’t have any major impact on how much your life insurance policy costs.

Commercial divers will usually be asked more questions, as they dive regularly as their occupation and to deeper depths in most cases. If diving is a hobby, the insurance company will still look at your occupation, as well as other factors (e.g. age, medical conditions) to work out the cost of your cover.

In the table below, our insurance experts have displayed an example of a real-life insurance policy for someone who enjoys diving in their spare time. This policy didn’t cost much more than a standard life insurance policy, giving Miss Ms. the protection she needed for her family for less than £15 per month.

Details of applicantMiss M. was born in 1998 and is a non-smoker.
Diving details and lifestyle informationMiss M. dives as a hobby and does not dive deeper than 40 metres.
Health details and informationHeight: 175.26cm / Weight: 83kg
Cover requirementsMiss M. wanted £250,000 of level term life cover to protect her family over the next 20 years.
She also wanted £50,000 of critical illness cover to be added to her policy.
Monthly premiums (£s)£14.25 per month
Guaranteed (fixed) premiums
Standard insurance company (Vitality)

Note: Miss M. applied for cover while she was young, which has helped to reduce her life insurance premiums. It’s best to apply as early in life as you can to get the lowest possible prices.

How can I save money on my life insurance?

If you want to save money or have a more limited budget, there are a few things that you can do to reduce the cost of your life insurance policy:

  1. Apply at the right time: Apply early in life if you can, and avoid applying while your health is bad or if you have recently changed treatment or medication for medical conditions.
  2. Shop around for quotes: Comparing multiple quotes is the easiest way to cut the cost of your policy. Some insurers will be better and cheaper for divers than others, especially if you dive to extreme depths.
  3. Improve your health/lifestyle: If you have a high BMI or smoke/drink excessively, improving your health and lifestyle can help to lower the cost of life insurance.
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Critical illness cover can be very useful for divers, as there is always a risk of becoming injured or unwell while diving. If you are diagnosed with a serious or ‘critical’ condition, critical illness insurance will pay out a cash lump sum to support you and your family.

It’s important to check what is covered under any critical illness policy, as certain activities could be excluded from claims. You should read through any documents that you are sent, and ask an experienced broker if you are unsure about whether diving would be covered under your policy.

Does scuba void life insurance?

Scuba diving shouldn’t void your life insurance policy, as leisure activities should be covered. If you were already a scuba diver before buying your policy, this won’t be an issue as long as you declared this and answered any questions about this honestly.


How much cover do I need for diving life insurance?

When applying for life insurance, it’s important to think about what you want to protect (e.g. children, mortgage) and how much cover you might need. If you dive regularly, this could increase the risk of serious injury or even death.

You should consider the number of dives you do each year, whether you dive to depths of more than 40 metres, and whether you dive in hazardous settings such as caving, wreck diving or potholing.

If you are a diver who needs life insurance, there are a few options that can help you to find the right insurance policy. Many people find it helpful to use price comparison sites to get an initial idea of how much their policy might cost.

This won’t necessarily work for people with high-risk hobbies or medical conditions, as these websites can provide advice or recommendations. They will just show you the cheapest prices, regardless of whether the cover is suitable for you.

In most cases, it’s simpler to compare policies with the help of an experienced diving life insurance expert. An experienced broker can find the best life insurance for scuba divers, cave diving, free divers, and other extreme sports and higher risk activities.

For free, friendly advice, call our diving life insurance experts on 0800 009 6559 or CLICK HERE.

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Is it worth paying for life insurance?

Yes, if you’ve got children or financial dependents then you should have life insurance to protect them if you die. Martin Lewis and the Financial Conduct Authority recommend that you take out life insurance to protect your family and your home. Generally, life insurance premiums start from as little as £5 per month and will be cheaper for younger adults.

Common myths about life insurance:

  • Life insurance won’t pay out (pays out 98% of claims)
  • People with medical conditions can’t have life insurance
  • Life insurance is expensive
  • Savings can be just as effective as life insurance
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Is life insurance worth it? - iam|INSURED

What is the average cost of life insurance per month?

Based on recent research carried out, the average cost of life insurance is approximately £38 per month and the average level of cover is £152,000. Life insurance premiums also vary dramatically from one insurance provider to another and you can reduce your monthly premiums by shopping around.

Fundamentally, life insurance premiums vary depending on your age, health and the amount of cover that you need, starting from as little as £5 per month. You can also get life insurance to protect your family and your home against financial loss if you die.

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Average cost of life insurance - iam|INSURED

What does life insurance cover you for?

Life insurance is a monthly renewable ‘term insurance’ contract that pays out a cash lump sum or regular payments on death to your family or beneficiaries. Policies are most commonly used for family protection or mortgage protection for your loved ones if you die and your household income reduces, plus the additional issues of losing a parent or carer.

Traditional life insurance will not exclude any pre-existing medical conditions and will cover suicide after 12 or 24 months. You can also use life insurance for business protection purposes as well as tax-efficient business life insurance for directors or key people.

What are the disadvantages of life insurance?

The biggest and most common problem that consumers have with life insurance is the cost and the monthly premiums. This is the top reason for policy cancellations and why more people don’t take out life insurance to protect their family.

Another key disadvantage with life insurance is that it holds no investment value, nor can you cash it in. Life insurance works like any other traditional general insurance policy (e.g. car insurance, house insurance, pet insurance etc.), you pay a monthly premium and it will pay out in the event of a claim. Some people decide to use savings instead of taking out life insurance but you need to make sure that you have sufficient savings to cover the costs of death for your family.

Why do I need life insurance?

The fact is that nobody actually ‘needs’ life insurance, but it is strongly recommended that families and couples have cover to protect their loved ones in the event of death. Martin Lewis recommends life insurance and says “this is something that every parent, partner, or person with any other type of dependent needs to consider”.

Life insurance financially protects your loved ones if you die and pays out a cash lump sum to repay your mortgage, pay for school fees, replace lost income, and pay for regular outgoings. Mortgage life insurance is not linked to your mortgage debt so you can use it to pay off some or all of your mortgage.

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