Life Insurance For Extreme Sports Enthusiasts in Canada

Getting Life Insurance For Extreme Sports Enthusiasts

Extreme sports provide thrills and exhilaration that simply can’t be matched. The adrenaline rush that comes with BASE jumping, big wave surfing, or wingsuit proximity flying attracts adventure seekers looking to push the limits. But while extreme athletes may be fearless, life insurance companies are far more cautious when it comes to insuring these hazardous pastimes.

Underwriters scrutinize the inherent risks and mortality rates associated with extreme sports when assessing coverage applications. The potential for severe injuries or death is a key factor in increasing premiums. While underwriting practices vary by insurer, expect to pay more for coverage if you engage in extreme sports. You may also encounter exclusions for specific high-risk activities or outright denials in some cases. However, with smart shopping techniques and working with specialized brokers, most enthusiasts can still obtain necessary life insurance at reasonable rates.

This guide explains how extreme sports impact the insurability, key underwriting considerations, and tips for finding affordable life insurance for extreme sports enthusiasts despite the adventuresome lifestyle. Topics include:

  • Which activities do insurers classify as high-risk
  • How extreme sports impact your ability to get covered
  • Types of life insurance policies available
  • Strategies for finding affordable coverage
  • What to expect during the application process
  • Comparing insurance providers’ risk assessments

With the proper knowledge, even individuals with the most daring recreational pursuits can obtain the life insurance they need to protect their families. Don’t shy away from applying – with the right approach, life insurance for extreme sports is very attainable.

What is life insurance for extreme sports?

Life insurance for extreme sports provides financial protection for individuals who engage in high-risk recreational activities that are normally excluded under standard life insurance policies.

It covers hazardous hobbies like skydiving, BASE jumping, big wave surfing, and motocross racing that traditional insurers view as too dangerous to take on.

Which Extreme Sports Are Classified as High Risk?

Insurers Carefully Analyze Mortality Risks

To properly price policies and ensure profitability, life insurance companies in Canada employ a process known as underwriting to estimate the mortality risk of potential customers.

Through detailed health questionnaires and medical examinations, underwriters determine the probability that an applicant will pass away while covered under a policy. Individuals deemed to have greater chances of dying soon are charged higher premiums.

For extreme sports enthusiasts, underwriters conduct additional scrutiny regarding their specific activities. Actuarial data clearly links certain hobbies to an increased likelihood of accidental death. Insurers classify these pursuits as high risk and factor the associated dangers into coverage eligibility and pricing decisions.

A Wide Range of Sports Count as High Risk

While underwriting guidelines vary between providers, the following activities are commonly designated as high-risk in the life insurance industry:

  • Skydiving – Jumping from extreme heights inherently carries risks from equipment failure, improper parachuting technique, collisions, and landing errors.

Read more: Life Insurance for Skydivers in Canada

  • Parachuting – Similar risks as skydiving from high altitudes.
  • Hang gliding/paragliding – Similar risks as skydiving from great heights with limited safety equipment.

Read more: Life Insurance for Hang Gliding Enthusiasts in Canada

  • Scuba diving – Risk of decompression sickness, disorientation, and drowning. Especially perilous when diving in caves, at deep depths, or with sharks.

Read more: Life Insurance for Scuba Divers in Canada

  • Whitewater rafting – Fast-moving rapids can easily eject or drown rafters who make even slight errors navigating extreme conditions.

Read more: Life Insurance for Whitewater Rafting in Canada

  • Mountaineering – Numerous threats, including falls, avalanches, rock slides, hypothermia, and oxygen deprivation at high altitudes.

Read more: Life Insurance for Rock Climbers in Canada

  • Rock/Ice climbing – The very real possibility of lethal falls due to small mistakes or equipment issues. Being stranded on walls poses dangers, too.
  • BASE jumping – Combination of incredible heights and limited safety gear compared to skydiving. Higher rate of deaths.
  • Air sports – Piloting small planes, hang gliders, stunt planes, and other non-commercial aircraft carries substantial risks for amateur aviators.
  • Auto/boat/motorcycle racing – High speeds increase risks from accidents, collisions, and mechanical failures.

Read more: Life Insurance for Motorcycle Racing in Canada

  • Big wave surfing – Risk of extended underwater hold-downs and collisions with reefs.

Read more: Life Insurance for Big Wave Surfers in Canada

  • Wingsuit flying – Increased risks due to close proximity flying at high speeds.
  • Heli-skiing – Backcountry skiing reached by helicopter carries high risks of avalanches or falls in remote areas.
  • Skiing – Fast downhill speeds can lead to collisions with objects or other skiers.
  • Ice climbing – Scaling vertical frozen waterfalls presents a threat of falling from great heights.
  • Canyoning – Navigating canyons and cliffs with ropes and rappelling gear carries the risk of falls or becoming stranded.
  • Cave diving – Underwater cave exploration compounds the normal risks of scuba diving.
  • Parkour – Urban acrobatics involving jumps, rolls, and climbs between buildings and structures risk falls and collisions.
  • Downhill mountain biking – High speeds coupled with natural obstacles pose hazards of crashes or collisions.
  • Superfly Zipline – Cables strung across canyons to ‘fly’ by harness can break or detach, leading to lethal falls.

And the list goes on. Bungee jumping, storm chasing, paramotoring, free solo climbing, and other extreme sports also instantly raise red flags with underwriters. Disclosing any participation in dangerous hobbies is essential when applying for life insurance for extreme sports enthusiasts, as detailed next.

How Extreme Sports Impact Your Ability To Get Life Insurance

How Extreme Sports Impact Your Ability To Get Life Insurance
How Extreme Sports Impact Your Ability To Get Life Insurance

Failure to Disclose Activities Can Void Coverage

Life insurance applications specifically ask about participation in hazardous sports and activities. Failing to fully disclose your engagement in high-risk pursuits constitutes misrepresentation and can void your policy. If you pass away due to a BASE jumping accident that you did not tell your insurer about, they may investigate and deny the claim.

Therefore, it is critical to inform prospective life insurance providers about every extreme hobby you regularly take part in, no matter how dangerous it may seem. This transparency allows the underwriter to accurately gauge risks and decide if coverage can be extended. Omitting activities may seem harmless upfront but can cause issues later.

Higher Premiums or Outright Denial of Coverage

Assuming you are upfront about the extreme sports you take part in, there are several possible outcomes when applying for life insurance for extreme sports:

  • You may be approved at normal premium rates if your participation is deemed acceptably safe by the insurer. For example, only skydiving through highly regulated drop zones with an excellent safety track record.
  • You are approved but with a “table rating” imposing significantly higher premiums. Table ratings add 25% to 250% or more to your base policy costs, depending on your risk level.
  • The policy specifically excludes death from any accidents related to your particular extreme activities. Beneficiaries would not receive payouts in such cases.
  • Your application is denied outright, and you cannot obtain coverage from that insurer. Each company judges risk differently.

Consequently, skydivers may get charged exorbitant premiums from one firm and reasonable rates from another. Thrill seekers must shop around to find insurers willing to cover them at affordable pricing.

Sample Underwriting Guidelines from Major Canadian Insurers

Equitable Life of Canada

For climbing, Equitable Life categorizes indoor rock climbing as a standard risk. However, for outdoor rock/mountain climbing under 13,000 feet, there would be an extra premium charge of $2.50 per $1,000. Ice climbing under 13,000 feet would have a premium of $3.50 per $1,000. Extreme climbing over 23,000 feet would result in a declination of coverage.

With motor vehicle racing, stock cars, demolition derby, and auto/motocross would be considered standard risk. But other types of racing could lead to an extra premium ranging from $2.50 to $10 per $1,000 depending on the type of vehicle and speed involved. (source:

Empire Life Insurance Company

The Empire Life guide indicates that recreational scuba diving up to 100 feet depth with no cave or ice diving can be a standard risk. However, depths between 101-125 feet lead to an exclusion for scuba diving. Beyond 125 feet would result in declination.

For skiing and snowboarding, Empire Life note there is usually no rating or exclusion unless the activity is especially hazardous such as acrobatics. Competitive and professional skiers/snowboarders would be assessed individually.

iA Financial Group

The iA underwriting guide indicates participation in aviation-related sports like hang gliding, ballooning, or aerobatics could potentially lead to ratings from standard up to $7.50 per $1,000 per year for life coverage. In some cases, an exclusion may be offered instead of increasing premiums. Overall, iA Financial notes disclosure is required for any aviation or hazardous sports activities. The underwriter will assess the mortality risk based on details of the activity. Ratings or exclusions help iA properly classify the risk. (source:

Types of Life Insurance Policies Available to Extreme Sports Enthusiasts

Types of Life Insurance Policies Available to Extreme Sports Enthusiasts
Types of Life Insurance Policies Available to Extreme Sports Enthusiasts

Main Options Beyond Traditional Coverage

Since some providers balk at covering extreme sports aficionados under conventional insurance plans, several additional options exist:

Simplified Issue Life Insurance

With simplified issue life insurance, applicants only need to answer a handful of basic health questions and no medical exam is required. Approval is, therefore, much quicker. However, coverage amounts max out around $500,000.

Guaranteed Issue Life Insurance

Guaranteed issue life insurance approves applicants with no health questionnaires or medical assessments. Although maximum coverage is only around $25,000, it provides a safety net for high risk individuals who cannot obtain traditional policies.

Group Life Insurance

Some employers provide group life insurance plans that enroll all personnel without underwriting. However, benefit amounts are usually limited to 1-2 times annual salary.

Accidental Death Insurance

Accidental death insurance pays out only if the policyholder dies due to an accident. Extreme sports enthusiasts may secure higher payouts with accidental death plans versus standard life insurance.

Final Expense Insurance

Final expense insurance provides a small lump sum payout to cover funeral costs. Maximum benefits are only around $25,000, but approval is guaranteed.

Thrill seekers unable to get covered otherwise should seriously consider guaranteed issues, simplified issues or accidental death insurance. A basic plan provides peace of mind better than no coverage at all.

Traditional Life Insurance Coverage

Beyond specialty policies, extreme sports enthusiasts can also consider traditional types of life insurance policies to meet their needs.

Term life insurance 

Term life insurance Extreme Sports Enthusiasts provides temporary coverage for a specified period, such as term 10, term 20 or term 30 years. Premiums are lower than permanent insurance since a Term life policy does not have cash value. However, term policies may not be renewable after the initial term expires.

Term life insurance can provide affordable coverage for risks like mortgage payments during peak earning years. Premiums will likely be higher for those with hazardous hobbies, but a term policy may still be more economical than specialized insurance.

Permanent life insurance

Permanent life insurance for Extreme Sports Enthusiasts provides lifelong coverage. Two main types are whole life insurance and universal life insurance. Premiums are typically higher than term but remain fixed. A portion goes toward cash value that grows tax-deferred.

Permanent policies allow individuals to lock in insurability when young and healthy. Those with dangerous hobbies who think they may develop health issues later can secure coverage with permanent life insurance. However, the premiums will reflect extra mortality risk from the outset.

Overall, traditional life insurance remains an option for thrill seekers. However, the underwriting process will carefully consider the hobby risks and financial needs when issuing coverage. Shopping among insurers is key to finding the best premiums.

Strategies for Finding Affordable Life Insurance For Extreme Sports Enthusiasts

Obtaining reasonably priced life insurance with extreme hobbies requires proactively navigating the underwriting process. Useful strategies include:

Compare quotes from many providers – Each insurer assesses risk differently. Widely comparing quotes increases the chances of favorable underwriting.

Highlight safety precautions – Emphasize any certifications earned, safety gear used, years of experience and other risk mitigating factors to possibly earn a lower risk rating.

Reduce activity frequency – Applying when you have temporarily scaled back your high risk sports participation may help reduce table rating multipliers or lead to approval where previously denied.

Consider policy exclusions – Agreeing to exclude certain especially high risk aspects of your sport, like proximity wingsuit flying or free solo climbing, opens more underwriting options.

Enroll in group or accidental death insurance – If underwriting issues persist, guaranteed acceptance from group or accidental death insurance ensures at least some coverage.

With persistence and a willingness to compare many carriers, extreme sports lovers can secure necessary life insurance protection.

What To Expect During the Life Insurance Application Process

What To Expect During the Life Insurance Application Process
What To Expect During the Life Insurance Application Process

Be Prepared to Answer Detailed Questions

Due to the elevated mortality risks of extreme sports, insurers will ask very targeted questions when you apply for coverage. Being prepared to provide in-depth information will smooth the underwriting process.

General questions

  • Do you participate in sports involving heights, speeds or physical impacts?
  • How often do you take part in these types of hazardous activities per year?

Activity-specific questions

  • When did you first start participating in this sport, and how many years of experience do you have?
  • Do you take any training courses or hold any certifications related to this activity?
  • Are you an amateur or professional practitioner of this sport?
  • In which types of locations or environments do you engage in this activity, and how frequently?
  • Describe any significant related injuries you have sustained.
  • What specific safety gear or risk mitigation precautions do you employ when taking part in this sport?

Providing comprehensive responses demonstrates your degree of training, skill level, and risk management skills when applied to an extreme sport. Underwriters scrutinize these factors when determining policy eligibility and premiums.

Sample Underwriting Questions from RBC Insurance Company

RBC Insurance has specific questionnaires for high-risk activities like mountaineering and skydiving to assess the mortality risk.

For mountaineering, RBC would inquire about:

  • Mountaineering experience – years participating, training courses completed, membership in any climbing clubs or groups
  • Types of terrain climbed – rock, snow, ice, mixed. Also, the grade/difficulty level.
  • Locations and altitudes climbed
  • Frequency of climbs per year and any climbing expeditions taken
  • Any climbing accidents or injuries sustained
  • Future mountaineering plans

For parachuting/skydiving, RBC would ask about:

  • Skydiving license and certification details
  • Total number of jumps in lifetime and past 1-2 years
  • Frequency of jumping planned for the future
  • Locations and terrain jumped over
  • Any participation in competitions, stunts, delayed chute opening or high-risk activities
  • Whether the individual acts as an instructor or is involved professionally
  • Any previous skydiving accidents or injuries

In summary, insurers want full details on the experience level, frequency of participation, dangers involved and any plans to engage in more high-risk activities in the sport. This helps them accurately assess the mortality risks.

Ensuring Transparency About Your Extreme Hobbies – Omitting Activities Can Void Future Claims

Given the dangers inherent to extreme sports, some enthusiasts may be tempted to omit to mention their participation in life insurance applications out of fear of being denied coverage or facing exorbitant premiums.

However, this short-sighted tactic can completely void your policy. If you pass away due to a concealed activity like race car driving or big wave surfing that is not listed on your policy application, the insurance company can deny the payout of the death benefit to your beneficiaries, leaving them uncompensated.

Always disclose any extreme sports you take part in, no matter how dangerous they seem. While your premiums will likely be higher, your loved ones will actually receive their death benefit payout in the unfortunate event of your accidental death related to the disclosed activities. Honesty about your hobbies allows insurers to accurately gauge and price the risks involved.

Protect your family by having transparent conversations with prospective carriers about your extreme sports participation. The right life insurance provider will work constructively with you to develop a fairly priced policy that covers your daring lifestyle.

Compare Insurers’ Risk Assessments of Your Activities – Each Carrier Uses Unique Underwriting Criteria

One key strategy for securing affordable premiums is to compare multiple life insurance providers’ responses and risk ratings after disclosing your extreme activities. This allows you to assess which companies view your hobbies more or less favourably.

For example, Insurer A may designate you a “Table D” risk class after learning of your BASE jumping activities, imposing a 150% rating increase. However, Insurer B may only impose a Table B rating based on your decade of experience and specialized equipment used, increasing your premium by 100%.

In this scenario, your premiums would be noticeably lower with Insurer B. Their actuaries deem you a lower mortality risk for the same disclosed extreme sport based on subtle differences in underwriting methodologies.

Casting a wide net and applying with numerous carriers allows you to find life insurance providers with more generous interpretations of the dangers posed by your favourite extreme activities. The savings can be substantial compared to just accepting the first table rating you are dealt.

Conclusion: Be Persistent and Compare Carriers for the Best High-Risk Life Insurance Rates

Obtaining reasonably-priced life insurance while regularly engaging in extreme sports undoubtedly involves challenges. However, by following the strategies outlined in this guide, even the most die-hard adrenaline junkies can gain the coverage they need. Disclosing all activities transparently, highlighting risk mitigation practices, and widely comparing quotes make securing favourable underwriting terms very feasible.

With persistence, thrill seekers who live on the edge can have the peace of mind that their families will be financially provided for if the unthinkable occurs during one of their daring outings. Don’t take “no” for an answer from any life insurance carrier – affordable high-risk coverage is within your reach.

Call to Action: Get Expert Help Finding The Best Life Insurance For Extreme Sports

Securing specialized life insurance for your extreme activities is too important to do without professional guidance. The advisors at Life Buzz understand the thrill-seeking lifestyle and can help you navigate the underwriting intricacies to find optimal coverage. Contact us today for a free consultation and policy comparison. Give your family peace of mind no matter your adventures.

Frequently Asked Questions About Life Insurance for Extreme Sports Enthusiasts in Canada

How does life insurance for extreme sports work?

This specialized coverage works by thoroughly evaluating the mortal risk factors associated with the specific extreme activities you participate in. Your premiums will be set higher based on the inherent dangers posed by your hobbies. Disclosing all activities is mandatory, as failing to do so can allow insurers to void your policy if you die related to an undisclosed high-risk sport.

What extreme activities are usually classified as high risk?

Common extreme sports considered high risk include skydiving, BASE jumping, hang gliding, scuba diving, whitewater rafting, mountaineering, rock/ice climbing, stunt piloting, auto/boat racing, big wave surfing, wingsuit flying, storm chasing, and bungee jumping. Each insurer uses its own underwriting guidelines.

Should I get life insurance if I engage in extreme sports?

If you regularly take part in hazardous extreme sports, life insurance is strongly recommended to protect your family from financial hardship if you suffer an accidental death. However, be prepared to undergo intensive risk assessment and pay elevated premiums compared to those with less dangerous hobbies.

What strategies can reduce my life insurance rates for extreme sports?

Emphasizing any training, certifications and safety gear used can help reduce premiums. Temporarily reducing activity frequency when applying may also lower your risk rating. Comparing multiple insurers is key, as each will assess your hobbies differently. Excluding only the very riskiest aspects may open up cheaper options.

What happens if I don't disclose my extreme activities when applying?

It may be tempting to omit extreme hobbies you think will cause coverage denial, but this can completely invalidate your policy later if you die due to a non-disclosed activity. Always fully disclose your sports to ensure your family actually receives the death benefit. Honesty locks in the coverage you need.

How do insurers assess the mortality risk of extreme sports?

Insurers look at the experience level, frequency, competitiveness, skill, safety precautions, and inherent dangers of the activity. This determines ratings.

Why does life insurance cost more for extreme sports?

Activities like skydiving, cave diving, and BASE jumping have higher chances of fatalities, so insurance premiums are higher to cover the added risk.

When should I disclose my dangerous hobbies to insurers?

You must disclose all activities and pursuits during the application process, non-disclosure can void your policy later on.

Do all life insurers have the same underwriting practices for extreme sports?

No, some specialize in higher risk niche markets and may offer better rates in certain cases. Shop around.

Can I still qualify for life insurance if I engage in extreme sports?

Yes, you can get coverage, but likely with higher premiums or exclusions for hazardous activities. Each case is evaluated individually.

Is life insurance more expensive for all extreme sports?

Not necessarily, lower risk activities like recreational scuba diving may still qualify for standard or lightly rated policies.

Do I need a special life insurance policy for extreme sports?

Not necessarily. Standard policies with appropriate ratings and exclusions can cover higher risk hobbies in many cases.

How often do I need to update my life insurer on my extreme activities?

Disclose any significant changes in participation, risks or new high-risk pursuits before renewal to avoid issues later on.

Can I reduce my life insurance rates if I stop doing extreme sports?

Yes, inform your insurer if you substantially reduce or cease hazardous activities and request to have ratings removed if warranted.

Do life insurers restrict coverage for certain extremely dangerous sports?

Yes, activities like free solo climbing or wingsuit flying may be uninsurable or have limited options due to the associated mortality rates.

What types of financial products beyond life insurance help extreme sports athletes and their families?

Disability insurance, income protection plans, trauma / critical illness coverage, and annuities.

Article Sources

Life Insurance for Adventurers and Dangerous Sports –

Life Insurance for Extreme Sports –

Life Insurance for Extreme Sports [2024] –