As individuals, our choices have a bigger impact on insurance rates than we may believe. If we add a trampoline to our back yard, be prepared to pay more or even be denied homeowners’ insurance. Get multiple traffic citations and you’ll likely pay more for auto insurance. The same can be said for life insurance. If we decide to participate in risky or hazardous hobbies, odds are our life insurance premiums will escalate.
What are some hobbies that may raise flags with a life insurance provider? Here are a few:
How will your life insurance provider know you participate in a dangerous hobby? Because you are required to disclose it on your application. If you don’t, you could be denied benefits should death occur.
Whether you participate in dangerous hobbies or not, you are still probably interested in securing affordable life insurance coverage. We can help. As independent insurance agents, we can seek out companies who provide more affordable protection for even high-risk activities. Contact us to discuss your hobbies and your life insurance needs.