Death as a result of engaging in hazardous activities
When it comes to purchasing a life insurance policy, it’s important to understand what types of deaths are not covered. One common exclusion is death as a result of engaging in hazardous activities. These activities can vary by policy and insurer, but some examples include:
- Skydiving or base jumping
- Bungee jumping
- Racing (including motor sports)
Engaging in these activities can increase the chances of an accident and premature death. Insurers may view these activities as high-risk and exclude them from coverage, or require a higher premium for coverage. It’s important to read the policy closely and ask questions if you engage in any hazardous activities.
When considering life insurance, it’s important to understand your coverage and any exclusions. Take the time to read the policy and ask questions to ensure you have the right coverage for your needs.
Here’s a table outlining some common hazardous activities and whether they may be excluded from coverage:
| Hazardous Activity | Excluded from Coverage? |
|---|---|
| Skydiving or base jumping | Often excluded |
| Bungee jumping | Often excluded |
| Racing (including motor sports) | May be excluded or require higher premium |
Remember, it’s important to be honest about any hazardous activities you participate in when applying for life insurance. Failing to disclose this information can result in denied claims for your beneficiaries.