Term Life Insurance For Hazardous Occupations

Those who choose to really live life on the edge need to make
sure they have adequate life insurance coverage as the risk for
losing their lives goes up dramatically. One of the biggest
aspects that underwriter's evaluate when choosing to grant
coverage is an individual's career choice and their overall
choice of regular hobbies. If an applicant is of greater risk
to a carrier, premiums are higher and possibly issued for a
certain number of years. An applicant could be subject to
review upon renewal. The bottom line is that applicant's who
risk their lives regularly will pay a higher premium than the
average person as rates are tailored according the average
person.

Term Life Insurance for those with Hazardous Occupations

For some people, regular participation in hazardous activities
is not a matter of hobby but is their livelihood. Many people
count extreme activities as their primary source of income,
such as pilots, aviation or scuba diving instructors or
mountain climbing guides. Top professional surfers, race car
drivers and motocross riders depend on their thrilling
professions to make a living. Unfortunately, all these people
can expect higher life insurance premiums.

These professions, however, do not necessarily mean
unreasonable term life insurance rates. You can still get
affordable coverage if you obtain necessary licenses and take
all the classes you can to make you experienced and prove that
you are safe. For example, commercial airline pilots are not
subject to extra fees. It is best to inquire about a carrier's
necessary requirements so that you can meet them before
applying for coverage. To obtain an online term life insurance
quote visit
http://www.equote.com/li/termlifeinsurance-quote.html.

Participants of Extreme Sports

Many thrill seekers like to engage in extreme sports. Some
common extreme sports include, skiing, snowboarding,
skateboarding, dirt biking, hang gliding, mountain climbing and
scuba diving. Other more extreme sports are bungee jumping,
parachuting, and hang gliding.

Insurance companies are not "all or nothing" in their
regulations. For example, most people do not regularly
participate in the more novel extreme activities like bungee
jumping and parachuting. Those activities are generally
reserved for milestone events such as birthdays or
anniversaries. In other words, premiums are not going to be
affected by trying something once.

To be fair, most life insurance companies will charge a flat
"extra" on your premium to cover the risks incurred for
regularly participating in extreme sports and activities. This
flat extra will usually double the average rate. As you get
older, however, your rates could nearly triple – as age is
always a factor in underwriting policies anyway. As you age,
most people start slowing down in any regular extreme sport
participation. In that case, immediately contact your provider
and your rate will drop effective immediately.

Another possibility of obtaining cheaper term life insurance is
if you asked to be covered for everything except the extreme
sport in which you regularly participate. For example, if you
regularly scuba dive, you would be covered for any death
occurrence except in the case that you die while scuba diving.
It seems extremely fair to be covered and paid for everything
except the excluded activity you list. For more helpful
information on term life insurance go to
http://www.equote.com/li/termlifeinsurance.html.

The best way to find the best possible coverage if you
regularly participate in extreme sports or activities is to
shop around for insurance. Premiums that cover adrenaline
junkies can vary significantly between carriers. If you are
involved in a relatively new high-risk sport, many companies
may not have developed their rate policies for that specific
activity. On the other hand, other carriers may be charging way
too much since they are one of the few to cover it.

If you love extreme sports or your profession involves putting
your life at risk more frequently than most, be sure you shop
around and compare rates before buying a life insurance policy.
Educate yourself as much as possible about your sport or
activity. For instance, if there are licenses you can get, it
is wise to obtain them. Take any class you can that will make
you more experienced in that activity.

About The Author: Sharon Taylor is a professional writer for
http://www.equote.com eQUOTE Life Insurance. eQUOTE is an
excellent online resource providing online quotes for
http://www.equote.com/life-insurance/term-life-insurance.html
term life insurance to families in 42 states.

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