ProInsure - Business Insurance, Estate and Succession Planning

We blog on various topics but the heart of our practice is helping people with their daily challenges and problems and providing thoughtful solutions to these problems and challenges, whatever they might be.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login
    Login Login form

Life insurance for SCUBA divers

Posted by on in Family Protection
  • Font size: Larger Smaller
  • Hits: 803
  • 1 Comment
  • Subscribe to this entry
  • Print
  • Report this post

Life insurance for SCUBA divers.

 

Most traditional life insurance companies treat SCUBA diving as a risky sport. Scuba diving is lumped in with other “hazardous sports and hobbies” such as hang gliding, skydiving, motor racing and mountain climbing.

 

If a scuba diver is applying for life insurance with a traditional, fully underwritten, life insurance company they will be asked to complete an additional questionnaire related to their diving activities. The answers to these additional questions may result in limitations to their coverage or an out-right decline of coverage.

 

The good news is that there is an alternative choice for scuba divers who need life insurance protection while diving, non-medical life insurance. Non-medical life insurance is different from the traditional market in that it asks a series of questions but does not require a medical exam, a note from a doctor, or blood and urine analysis. The non-medical life insurance market offers protection for many individuals who might not qualify for traditional, fully underwritten life insurance protection.

 

Canada Protection Plan, a provider of non-medical life insurance for more than 20 years does not ask hazardous activity questions for any of their non-medical products with the exception of their preferred plan which is a fully underwritten plan.

 

The cost of non-medical life insurance could be more expensive than traditional insurance, but let’s compare apples to apples not apples to oranges.  If you have health or lifestyle concerns, chances are a traditional carrier will not want to offer you insurance at standard rates.

 

Canada Protection Plan’s maximum face amount is $300,000, the highest in no medical field and is an excellent solution for those persons needing coverage outside of the traditional insurance market for medical/health reasons or those who need full protection while they enjoy their “hazardous sports and hobbies”.


 

Download an application HERE to view the questions. Download a brochure HERE.

0

Comments

  • Guest
    eric van haaften Friday, 23 June 2017

    The rates scuba divers pay for life insurance in Canada may be different then in the United States.
    There are four different considerations underwriters use when evaluating scuba diving applicants. Otherwise, healthy scuba divers can benefit from knowing how insurance companies classify divers by:
    certification type, dive depth, type of diving, and diving experience. Good luck in 2017.

Leave your comment

Guest
Guest Monday, 24 July 2017

Blog Archive

January
February
March
April
May
June
July
August
September
November
January
February
March
April
September
October
December

Blog List

Free Quotes - No obligation

Your Name
Please let us know your name.

Your Email
Please let us know your email address.

Message
Please let us know your message.

Spam control(*)
Spam control
Invalid Input

Copyright © 2017. ProInsure - Business Insurance, Employee Benefits and Succession Advisors. Designed by Shape5.com Joomla Templates