Climbing life insurance
Getting life insurance for climbers is extremely important, especially for those with a young family or dependents.
Speaking from many years of experience in working with climbers as well as being involved in the climbing industry it’s important to have the right cover to protect your family. As a company, we are motivated to help rock climbers to get cover because we have lived and breathed mountaineering for decades.
It’s important to understand the various elements involved with the sport and how rock climbing can affect life insurance.
How popular is climbing in the UK?
According to figures from the British Mountaineering Council (BMC), there are around 150,000 active climbers in the UK. There are also reports that suggest there are as many as 1 million people who take part in indoor climbing (figures from the Association of British Climbing Walls).
Our climbing background at iam|INSURED
We’re not just your average life insurance business that just tells you what you need and doesn’t understand your situation.
Our expertise has been built on many years of being involved in the mountaineering industry from an early age. Our director (Dan Sharpe-Szunko) has been in the mountain sports field since a very young age and understands the risks and the rewards.
Why do climbers need life insurance?
People who take part in climbing will be well aware of the risks that are involved, especially those at a higher level of the sport.
Unfortunately, accidents do happen and as climbers, we are also exposed to other environmental factors that are out of our control. Many climbers have been involved in some sort of accident or are close to someone that has experienced the more dangerous side of climbing.
Getting the right cover to protect our families is extremely important and especially if you are exposed to these risks.
Types of climbing:
- Solo climbing
- Free climbing
- Walking or Scrambling
- Indoor climbing
- Ice climbing (winter mountaineering)
Our team of extremely passionate EXPERTS has helped to protect thousands of families over the past two decades. We’re extremely proud to have supported our customers regardless of their activities, sports, health, or occupation.
We’re also proud to be able to boast our AMAZING customer review score which is a PERFECT 5.0 out of 5.0 Stars.
Don’t just take our word for it… check out our latest reviews on FEEFO
We also have a vast selection of insurers from our panel which is one of the widest in the UK, so you get the biggest choice.
Does life insurance payout for climbers?
Put simply, the answer is YES your family will receive a payout on your life insurance policy if you die whilst taking part in climbing.
There are no exclusions on standard life cover through the mainstream insurance providers, so as long as you disclose your climbing, then you’re covered.
Your family will receive a cash lump sum that can e used for a number of reasons to help them financially in the future, including:
- Clear mortgage debts
- Pay off other debts
- Property rent
- School fees
- Household bills
- Other expenditure
You just need to figure out how much cover your family will need to protect them in the future if anything happened to you.
Will critical illness cover climbing?
A critical illness cover policy will payout a cash lump sum if you are diagnosed with a serious illness or if you are seriously injured.
Your critical illness cover policy can provide you with a vital piece of financial support if you are unable to work for a period of time. A payout can be used for any number of reasons, but the most common reasons are:
- Mortgage or rent payments
- Pay loans and credit cards
- Alterations or adjustments to the home
- Medical treatments or care
- School fees
- Household bills and cost of living
Most critical illness policies can be extremely useful for climbers as they provide cover for things like:
- Serious injuries (e.g. loss of limbs, major trauma, etc.)
- Total and permanent disability
- Heart attack
You should check your policy wording closely to make sure that it fits your needs and requirements.
Does rock climbing affect life insurance?
The simple answer is NO, your life insurance will be the same policy and the same cover, regardless of whether you climb or not.
Life insurance is the same product for everyone and offers the same level of protection, regardless of your circumstances. Many people often mistakenly think that they won’t be covered for certain things or that life insurance won’t payout.
The reality is that life insurance pays out approximately 98% of all claims which makes it the highest payout rate of any type of insurance.
How much is life insurance for climbers?
It’s difficult to say exactly how much your life insurance premiums are likely to be until you make an application.
Your premiums will roughly be based around:
- Your age
- How much cover you need (£’s)
- What term you need (years)
- Which type of cover
- Do you smoke
You will also be asked about any dangerous activities which will often include climbing activities. It’s important that you provide accurate and honest information to get the right cover for your family.
Best life insurance for climbers
There are several main options when it comes to looking for life cover and they are all designed to protect your family in different ways.
You just need to consider which type of cover you need and ultimately what it is that you want to leave to your loved ones. Almost all life insurance policies will provide a cash lump sum to your dependents, however, some also provide an income.
Some of the main types of life insurance are:
- Level Term life insurance (Family protection)
- Decreasing Term life insurance (Mortgage protection)
- Whole of Life insurance
- Family income benefit
- Business life insurance
- Over 50’s life insurance
- Accidental death cover
If you think about your situation and how you can protect your family’s financial future give them the coverage that they need.
Can climbers get life insurance?
You shouldn’t have any problems actually getting life insurance if you climb or take part in other climbing and mountaineering activities.
The main question you should be asking is, should you pay more for life insurance because you climb? It’s easy with some activities to pay more than you should because of how some life insurance companies treat certain risks.
If we focus on making sure that you get the best cover to protect your family and ultimately don’t pay more than you should.
Can climbers get critical illness cover?
It’s also important to consider critical illness cover to protect yourself and your family, especially if you’re at risk from your sport.
Climbing can cause serious injuries and accidents are unfortunately part of the risks that we accept. There are circumstances where a critical illness cover policy may well come in useful for people that climb.
You should be able to get a critical illness cover policy if you’re a climber and it should be available through most of the normal channels.
It’s important to make sure that your policy is comprehensive and includes everything that you need. There may be instances where insurers can apply exclusions for climbers, depending on what type of climbing you do and how severe your climbs are.
Some of the exclusions that might apply to your climbers life insurance could include serious injury or disability from climbing activity.
Need more help to get the best climbers life insurance
If you still need FREE EXPERT life insurance advice from our team of FRIENDLY specialists then call 0800 009 6559 or CLICK HERE.