It’s summertime! For a lot of people, that means time to explore the great outdoors. But how does this affect your ability to qualify for life and disability insurance? If you have an accident related to a dangerous avocation, is it covered?
When you apply for life and disability insurance, they will ask you about particular dangerous avocations and typically if you have engaged in any of them in the last 3 years. These include (but are not limited to):
- Skydiving
- Scuba diving
- Piloting of an aircraft
- Hang gliding
- Ballooning
- Parachuting
- Mountain, ice or rock climbing
- Bungee jumping
- Heli-skiing
If you answer yes to any of these, the company will ask for details or require a questionnaire.
Depending on the situation, for disability, they may offer a policy with an exclusion for the activity.
For life insurance, the policy may come back with a rating, charging additional premium. Life insurance does not provide policies with exclusions.
If you answered no on the application, the policy would not have any restrictions on the avocations. If you then later engage in one of those activities and have a claim, it would be covered.
The best advice is to acquire your individual disability and life insurance prior to taking up a dangerous avocation or getting your pilot’s license.
For more information about disability and life insurance and dangerous avocations or to request a quote comparison, contact Set for Life Insurance today!