Good♥Gyrl
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If you already have the policy, no. However, if you indicated that you don't engage any any hazardous occupation or leisure activity and you later did, the insurance company can refuse to pay, or deduct the higher expense out of your death benefit, as if they would have charged you the higher premium when the policy was in force (e.g. they're backdating and taking money owed for more premium) Read your contract.
If you don't have a policy already and are applying, they can refuse to insure you, or apply an additional rating that might make it unaffordable. |
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?
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Maybe as a professional skydiver you would have to address this, otherwise, no you do not have to pay more for you life insurance and they won't even ask.
Whoever told you that is just plain silly. |
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InsuranceGooRoo
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If you were a frequent flier, they would probably categorize you as a higher risk. If you had been once, it shouldn't affect your premiums. I would definitely read the fine print on your policy to check for exclusions or anything regarding sky diving. |
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nyteglori
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I know the last life insurance policy I filled asked about sky diving and other extreme sports. |
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P&M
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They could put an exclusion in the contract, or they could give you a rated policy (either a % rating or flat extra). That's what its like here in Canada. Either way, it would be disclosed to you before they put the policy in-force. |
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levindis
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No, you do not pay a higher premium for sky diving in regards to Life insurance. All life insurance policies have a clause where if you die while performing some dangerous feat they do not have to pay. So unless you have a specific life insurance policy where you specifically want them to cover death while parachuting your premiums are not affected. |
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mbrcatz
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Nope, it won't make your premiums go up. It will make companies flat out refuse to insure you.
The question is on the application. If you buy the policy and lie, "have you ever been skydiving", and die within the first three years, they don't pay out. After three years, it's not contestable.
Time period varies, from 2 - 5 years depending on what state you are in. |
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