Apr 30
I scuba dive once a year. Will that affect my term life insurance rate?
Scuba diving will affect how much you pay for term life insurance. However, how much it raises your premium depends on several factors.
When applying for life insurance you will be asked if you engage in recreation or commercial diving. If yes, you’ll be asked:
- How often do you dive
- What is the average depth of your dives
- What is your maximum dive depth
- Where do you dive
- Are you PADI certified
- Are you open ocean certified
- Do you engage in technical dives
The answers to these questions will help the agent determine what term life insurance rate class you qualify for. Most life insurance companies will give you the second highest rate class if you dive 75 ft. or less. Some companies will charge you standard or preferred if you dive 100 ft. or less. If you dive 130 ft or less, most companies will charge you a preferred or standard rate with a flat extra.
In order to make sure you receive the best term life insurance rate, be sure to shop around using a brokerage firm like AccuQuote. A licensed agent that deals with more than one company will be able to let you know which company will give you the best life insurance rate.
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