Life insurance for adventure seekers

Playing sport can have many physical and mental benefits, but extreme sports come with higher risks. While this doesn’t necessarily mean you are ineligible for life insurance, there are some things to consider before applying.

What is an extreme sport?

Extreme sports are activities with a higher risk of serious injury or death, often performed at high speed, in the air, or in unpredictable conditions. Some of the most dangerous sports may include:

• Motor racing
• Skydiving
• Base jumping
• Free climbing (rock climbing without safety gear)
• Paragliding
• Scuba diving
• Big wave surfing
• Caving
• Mixed Martial Arts
• Skiing and snowboarding

Most regular sports, such as rugby, netball, golf, cricket, tennis, cycling, basketball and running are generally covered by standard insurance, depending at what level you play.

How extreme sports may affect your policy

Each insurer will have a different approach to extreme sports. Some may not offer cover, while others might accept the risk and offer you insurance at an increased premium or with exclusions. The decision will generally take into consideration the activity you participate in, frequency, location and other factors. The good news is you can get an indication of how extreme sports may impact your policy before applying for insurance through a pre-assessment. I can do this with you, so please get in touch if this is something you would like to explore.

Applying for life insurance

As with any policy, it’s a good idea to give the insurer complete, honest information about your circumstances at the time of the application. If you don’t mention your sport and then later make a claim resulting from your sporting activities, your claim may be refused, or you may get a reduced payout.

Whether you love chasing big waves, climbing the highest peaks, or simply curling up with a good book, I can help you with life insurance that offers peace of mind for you and your loved ones while you’re doing your favourite things. Any advice is general in nature only and has been prepared without considering your needs, objectives or financial situation. Before acting on it, you should consider its appropriateness for you, having regard to those factors. Before making any decision about whether to acquire a financial product, you should obtain the Product Disclosure Statement.