Mountaineering Life Insurance
Get the best quotes for mountaineering life insurance
Mountaineering life insurance can help provide financial protection for a wide range of hazardous sports or hobbies and is relevant to climbers, hill walkers and mountaineers. Obtaining proper life insurance can help provide you with the peace of mind that your family are protected and enhance your climbing experience. Insurance applications for mountaineering life insurance will depend upon the type of climbing activity you engage in such as rock climbing or sports climbing as well as the degree of difficulty or severity of your mountaineering activities.
For more information about how to get the cheapest Mountaineering Life Insurance and the best cover to protect your family, speak to iam insured today. iam insured is a leading extreme sports insurance expert for people who want to protect their loved ones.
How much does Mountaineering life insurance cost?
Before any Mountaineering life insurance underwriting can occur, you will need to provide details about your climbing activities. Some questions you may be asked during any applications for Mountaineering life insurance are:
- How frequent is your climbing activity
- How many years of experience do you have
- Do you engage in solo climbing or as part of a group
- Are you a member of any climbing organisations or groups
- What type of climbing activity do you engage in
- What grades of ascent do you intend to climb
- Do you have any other disclosures (e.g. Medical conditions)
For more information about your quote for Mountaineering Life Insurance, please complete our enquiry form below or call our team of expert advisors on 01244 732890.
Mountaineering Life insurance premiums:
There are a number of standard key factors that will have an impact on the premiums that you will pay for Mountaineering Life Insurance, including:
- Sum assured (£’s)
- Term of cover (years)
- Type of policy (e.g. Family, Mortgage, Whole of Life etc.)
To get a quote for Mountaineering Life Insurance, please complete our enquiry form below or call our team of expert advisors on 01244 732890.
Mountaineering life insurance rates/ratings
When applying for mountaineering life insurance the grading of ascent will have a large impact on your mountaineering life insurance applications. During insurance underwriting any climbing activity will be assessed using grading systems produced by the British Mountaineering Council. If your climbing activity will be UK based and at a relatively lower level, you can expect to receive life cover at standard terms. For more severely rated ascents you may find after mountaineering life insurance rating that premium loading or special terms could be attached to your life cover.
Percentage (%) loading for Mountaineering life insurance
If the ascent of your climbing activity is classified as severe by the British Mountaineering Council you are likely to receive loading to your premium. If during insurance underwriting percentage loading is applied to your mountaineering life insurance, your monthly premiums will be raised by a set amount to offset additional risk of claim. The amount of available loading varies between providers, and some companies can provide mountaineering life insurance at higher levels (e.g. 250%, 400%).
|Basic premium||% loading||Final premium|
Per mille loadings for Mountaineering life insurance
‘Per mille loading’ is applied to life cover in very serious cases and is unlikely to be added to your mountaineering life insurance. Mountaineering life Insurance featuring ‘per mille loading’ will add a set amount (Often £1 or £2) per thousand £’s of cover applied for. Insurance providers can be added to life cover for either the full term of policy or a specified period.
Exclusions for Mountaineering life insurance, critical illness cover or income protection
If after insurance underwriting your climbing activity is considered higher risk special terms could be added to your mountaineering life insurance. ‘Exclusions’ could prevent any claims due to accident or injury from mountaineering or other climbing activity. If you choose to take out life cover with a mountaineering ‘exclusion’, it is vitally important you check the policy wording closely. Mountaineering life insurance with an ‘exclusion’ could also affect your rights to additional benefits such as Total and Permanent Disability, Waiver of Premium and Guaranteed Insurability.
How much cover do I need?
When making an application for mountaineering life insurance, the amount of life cover you need will depend upon your personal circumstances. Without a consultation we can’t advise you on how much you should apply for, but we can provide a guideline.
It is important to remember that your premiums for mountaineering life insurance may increase during insurance underwriting and this could affect how affordable your monthly premiums are.
Mountaineering life insurance amounts of cover
- The amount left to pay on your mortgage.
- Any outstanding debt (e.g. Loans, second charge, credit cards and other)
- Spouse or Partner
- Annual Income (after Tax)
- Any financial assets (e.g. car, house, business etc.)
If you feel unsure or require more information to decide how much mountaineering life insurance you will require to secure your family and home, see our iam insured insurance calculator.
Mountaineering critical illness cover amounts
Critical illness cover at standard rates will often be easily obtainable for climbing activity such as mountaineering. With critical illness cover, you will receive a tax-free lump sum if you become unable to work. Insurance underwriting for critical illness cover will usually follow similar criteria to mountaineering life insurance and could include special terms or premium loading if you climbing activity involves severe ascents. In this case, you could find ‘exclusions’ for certain climbing activities added to your critical illness cover. When deciding how much mountaineering life insurance critical illness cover you will need to apply for look at:
- Your annual Income (after Tax)
- Mortgage/rental payments (annual)
- Cost of living (annual)
- Any other potential costs (e.g. medical treatment or adaptations)
Mountaineering income protection amounts of cover
Income protection for mountaineering and other climbing activity will usually be obtainable at standard rates. Income protection will provide you with monthly payments should you become unable to work. Like critical illness cover, you could be offered income protection with premium loading or climbing activity ‘exclusions’ added to your policy. Mountaineering life insurance underwriting criteria may differ between insurers and you could benefit from speaking with specialist insurers. When making any mountaineering life insurance applications for income protection take into consideration your:
- Monthly income (after tax)
- Mortgage/rent payments
- Debts (other)
- Cost of living
Which insurance companies offer Mountaineering life insurance?
When applying for mountaineering life insurance it is recommended you place insurance applications with specialist providers. Specialist insurers can offer the best insurance underwriting criteria for climbers, hill walkers and mountaineers.
Iam Insured can offer specialist mountaineering life insurance advice and fully understand the risks mountaineers face on every climb. Iam insured are authorised and regulated by the financial conduct authority and are registered in England and Wales. To speak with one of expert advisors, contact us now on 01244 732 890 or send us an email.
Mountaineering critical illness cover and income protection providers
Critical illness cover and income protection can provide mountaineers with strong peace of mind and mortgage protection. Depending on the grade of your climbs, you should be able to obtain mountaineering life insurance critical illness cover and income protection with standard terms. If you are struggling to find mountaineering life insurance that provides peace of mind or suitable terms, don’t hesitate to contact Iam Insured. We can help find the right cover for your climbing activity.