By Alan Daniel
This is not always an easy thing. Many life insurance companies will charge extra premium for scuba divers. Some will not, but are more limited to recreational divers up to 50-75 feet depending on the life insurance companies. These life insurance companies will offer their best rate class if you medically qualify. Some will offer their second best rate class and as stated, others will charge extra premium for the risk. It is important to work with a life insurance agent that understands all the markets to help best position you with the best life insurance company.
Scuba Diving is using a self-contained breathing set to stay underwater for periods of time greater than human breath-holding ability allows. The diver carries all equipment necessary for diving and is not reliant upon equipment elsewhere (e.g. on the surface) to supply breathing gas or other support during the dive. The diver swims underwater using fins attached to the feet. Some divers also move around with the assistance of a DPV (Diver Propulsion Vehicle), commonly referred to as a scooter, or by using surface-tethered devices called sleds, which are pulled by a boat. The word ‘SCUBA’ is an acronym for Self Contained Underwater Breathing Apparatus.
The life insurance industry reviews a wide range of risk factors when underwriting a scuba diver purchasing term life insurance. These classifications include, but are not limited to:
Public safety diving
Technical diving (also called Tech Divers)
Alan Daniel has over 20 years experience selling life insurance and saving consumers money.