Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide you with the ...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Jul 14, 2021

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Facts You Should Know

  • Specialized skydivers’ life insurance rates vary from $2.50 to $10 per $1000 of life insurance coverage, based on how many jumps you do per year
  • Skydivers’ life insurance rates vary by company – most will put you in the high-risk life insurance category, which can raise rates by 25%-50%
  • Other companies will not provide coverage to skydivers or will ask for an exclusion rider to the policy, meaning if you die from skydiving, your beneficiaries will not be able to collect your benefits
  • To reduce life insurance costs, you can accept an exclusion rider and then purchase an additional accidental death and dismemberment life insurance policy

Skydiving is an exciting hobby that it comes with some risks. If you’re a skydiver, you’re likely wondering if you can get affordable skydivers’ life insurance rates. What are the best types of policies to investigate?

Skydivers do have options on how to tailor coverage to fit their lifestyle. They can purchase specialized skydivers’ insurance including term and permanent insurance.

Skydivers can also purchase a term life or permanent life policy and exclude skydiving. They might then add a separate accidental death and dismemberment policy to ensure coverage in the event of a skydiving accident.

Read on to learn more about skydivers’ life insurance rates. Enter your ZIP code now to compare free skydivers’ life insurance quotes from top insurance companies.

Does skydiving affect life insurance?

Life insurance policy rates are determined by health, age, medical history, and the work you do. Application questions usually ask if you participate in any risky hobbies. Skydiving is considered a risky hobby and will get you charged high-risk quotes.

The United States Parachute Association says that in 2020 there were 11 fatal skydiving accidents, which is a rate of 0.39 fatalities per 100,000 jumps.

How many times a year you skydive does factor into your rates. If you only skydive once or twice a year, you shouldn’t worry about it affecting your life insurance costs.

Skydivers with 50 or more jumps per year might consider purchasing a specialized life insurance policy for skydiving.

With a life insurance policy for skydiving, you will pay a standard premium plus a flat extra fee depending on how many jumps per year you do.

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What are skydivers’ life insurance rates?

There are several ways for skydivers to insure themselves and each comes with different costs. If you are a skydiver who jumps more than once or twice a year, you need to consider your options.

With a traditional term life insurance or whole life insurance choice, a skydiver will be placed in a high-risk category. You will pay more for coverage than someone who doesn’t have risky hobbies. You will be placed in a sub-standard rating class and pay the most expensive premiums.

How Life Insurance Rating Class Impacts Skydivers Life Insurance Rates
Rating ClassLevel of RiskPolicy Premium
PreferredLow Least Expensive
StandardAverageAverage
Sub-StandardHighMost Expensive
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When applying for traditional life insurance, you will be asked how many times per year you jump and if you are a member of a skydiving club.

What are the rates for specialized skydivers insurance?

If you are a skydiver with less than 50 jumps per year, you can purchase specialized skydivers’ insurance for whatever rating class your health, age, and medical history puts you. Then you will pay an extra flat fee on top of the premium.

For example, a skydiver with less than 50 dives per year will pay an additional $2.50 to $3 per $1000 of life insurance coverage. The amount of the flat fee increases as the number of jumps per year increases.

If you jump more than 50 times per year, the extra flat fee rises from $5 to $7.50 per $1000 of life insurance coverage. Some companies will deny coverage if you jump more than 100 times per year.

Specialized Skydivers Life Insurance Rates with Amount of Jumps Per Year Per $1000 of Insurance Coverage
Insurance CarrierBest Class AvailableExtra Flat Fee
Skydiving Club Member
Extra Flat Fee
Non Skydiving Club Member
Extra Flat Fee
Instructors
Assuritywhatever class medically qualified for $2.50 - $3.50 per $1000 of coverage$5 per $1000 of coverage$3.50 per $1000 per coverage
Genworthwhatever class medically qualified for $3 for less than 50 jumps/yr
$5 for 51-100 jumps/yr
$7.50 for 100-200 jumps/yr
$10 for 200+ jumps /yr
$5 for less than 50 jumps/yr
$7.50 for 51-100 jumps/yr
Decline for more than 100 jumps/yr
$5
John HancockPreferred$2.50 and uplikely declined--
Lincoln BenefitPreferred$3 for less than 50 jumps/yr
$5 for 51-100 jumps/yr
$7.50 for 100-200 jumps/yr
$10 for 200+ jumps/yr
$5 for less than 50 jumps/yr
$7.50 for 51-100 jumps/yr
Decline for more than 100 jumps/yr
$5
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Being a member of a skydiving club may reduce your costs slightly.

What’s another way to save on skydivers’ life insurance rates?

Another option for skydivers would be to purchase a term life or whole life insurance policy and exclude skydiving, which means if you were killed in a skydiving accident, your beneficiaries would not receive a payout on your life insurance.

Some insurance companies will allow an exclusion rider for a high-risk sport, others may not. It’s best to check with each company to see what possibilities exist.

If you choose the exclusion option, you can purchase an additional accidental death and dismemberment policy. These policies don’t require medical exams and you can receive coverage between $50,000 and $500,000. This type of policy only pays out if the death happened in an accident.

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Does skydiving void life insurance?

Skydiving does not void life insurance except under one condition. If you lie about your skydiving hobby or neglect to mention it when purchasing life insurance and you are killed in a skydiving accident, it will void the life insurance policy and no payment will be made to your beneficiaries.

While skydiving is a risky hobby, you can still get affordable life insurance rates. There are several ways to structure your coverage in case the worst-case scenario happens.

Hopefully, you know more about skydivers’ life insurance rates and the different types of life insurance for skydivers. Enter your ZIP code now to compare free skydivers’ life insurance rate quotes from top insurance companies.