Life Insurance for Skydivers

Life insurance for skydivers is about $25/mo. However, skydiver life insurance depends on age, gender, policy limit, policy type, and company. Life insurance companies consider skydiving a high-risk activity and issue more expensive rates. But you can secure cheap life insurance rates for skydivers by shopping around and compare multiple companies.

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Natasha McLachlan is a writer who currently lives in Southern California. She is an alumna of California College of the Arts, where she obtained her B.A. in Writing and Literature. Her current work revolves around insurance guides and informational articles. She truly enjoys helping others learn more about everyday, practical matters through her work.

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Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...

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Reviewed by Laura Walker
Former Licensed Agent

UPDATED: May 2, 2021

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The Rundown

  • Life insurance rates for skydivers is more expensive than average
  • A flat fee is added to skydiver life insurance
  • Skydivers can get specialty life insurance if they’re denied traditional life insurance

Life insurance for skydivers is more expensive than average, but there’s a way to jump to affordable life insurance quotes.

So how much is life insurance rates for skydivers?

Read through this short guide to learn how to secure cheap life insurance for skydivers, where to find the best insurance companies, and how to find the best policy types.

Are you ready to see life insurance quotes for skydivers right now? Enter your ZIP code in the free comparison tool above to compare the top companies in your local area.

How much is life insurance for skydivers?

Life insurance rates for skydivers would be around average, which is between $8 and $9 per month. However, life insurance companies will add a flat fee (also called flat extra fee).

Life insurance cost is determined by several factors, such as age, gender, health, lifestyle, coverage limit, policy type, and company.

Flat extra fees are between $2 to $5, depending on the company. But how are they applied to life insurance? Let’s look at an example.

The average age for skydivers is about 25 years old.

A 25-year-old policyholder with a term life insurance policy of ten years and $100,000 death benefits could pay at least $25 per month.

How come? Life insurance companies that issue a flat extra fee charges at least $2 per $1,000 on your coverage limits (death benefits). With a $100,000 limit, that adds $200 ($17/month) to the annual life insurance policy.

Why are life insurance rates for skydivers more expensive?

Skydiving is a high-risk activity. Activities or lifestyles that affect your life expectancy determines your life insurance premium.

However, skydivers who jump less than 25 times a year could get cheaper life insurance rates. It depends on the company.

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Life Insurance for Skydivers: What are the best life insurance companies?

Some of the top life insurance companies have excellent ratings under the A.M. Best, The Better Business Bureau (BBB), and J.D. Power. Let’s examine the ratings of each of the best companies in the United States.

Life Insurance Companies with the Highest Ratings
CompaniesBetter Business Bureau (BBB)A.M. BestJ.D. Power
AIGA+A718
AXA EquitableA+A+752
Banner LifeA+A+N/A
BrighthouseA+A+N/A
Guardian LifeA+A++760
John HancockA+A+739
Lincoln FinancialA+A+744
Mass MutualA+A++780
MetlifeB-A+780
Mutual of OmahaA+A+766
NationwideA+A+806
Pacific LifeA+A+N/A
Principal FinancialA+A+774
ProtectiveA+A+742
PrudentialAA+770
SBLIA+A+N/A
TransamericaA+A+720

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The company with the worst BBB ratings, compared to the other companies, is MetLife Insurance Company. However, the strongest companies on this list are Guardian Life and MassMutual.

Some companies have specialty insurance just for skydivers. Research companies carefully before you buy life insurance for skydivers.

Life Insurance for Skydivers: What policies should skydivers buy?

Skydivers have various choices for life insurance. Here’s a list of life insurance policies to consider if you’re a skydiver.

The cheapest life insurance type is term life insurance. You can customize your life insurance with life insurance riders, but you’ll pay more for coverage.

Permanent life insurance lasts your entire life. Life insurance policies, such as whole life insurance and universal life insurance have cash values that you could use while you’re living.

However, permanent life insurance costs about $30 more than term life insurance.

Meanwhile, no medical exam life insurance allows you to get life insurance without going through the hustle of getting a medical exam.

Life Insurance for Skydivers: How do skydiving deaths affect life insurance?

According to the United States Parachute Association, 15 people died from skydiving in 2019. That’s much less than the number of people that died in car accidents.

Although fewer fatal skydiving accidents are recorded each year, insurance companies still consider it a high-risk activity. Therefore, skydivers pay more for life insurance than most.

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Life Insurance for Skydivers: What’s the bottom line?

Getting life insurance quotes for skydiving is just as simple as anyone else pursuing a life insurance policy. But, frequent skydivers will have more expensive life insurance rates.

Now that you know more about life insurance for skydivers, use our free online quote tool to compare the multiple insurance companies near you and secure cheap insurance rates.

Frequently Asked Questions: Life Insurance for Skydivers

Before we make a parachuting landing on our skydivers life insurance guide, let’s cover a few questions before we reach our destination.

#1 – If I skydive as a hobby, can I get life insurance?

It depends on the company. Some life insurance companies won’t accept your policy request.

#2 – Should you hide your skydiving hobby from insurance companies?

Don’t lie about your skydiving hobby. Your policy request will be denied if you lie about your skydiving lifestyle.

#3 – What if I already have life insurance before skydiving?

Alert your life insurance company about your skydiving hobby or career. This will eliminate any questions about whether your death benefits should be paid out.

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