Cycling Life Insurance For All Cyclists Made Easy

In this guide, we will explain how you can get your cycling activities included as part of your life insurance policy.

We don’t want people’s pursuits to exclude them from the peace of mind that sports life insurance provides.

Life Insurance, Income Protection and Critical Illness Cover For Cycling

You would be right in thinking that cycling, as a pursuit, would be included as an acceptable activity in a life insurance policy and associated coverage.

In most cases, this is true, and your cycling activities will not warrant additional premium or even exclusion from the plan.

As life insurance is only concerned with death, the exclusion is rare. Excluding a pursuit from a life insurance policy means there will be no payout if you die while undertaking it.

You are not covered. You should avoid an excluded activity in a life insurance policy wherever possible.

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Avoid Policy Exclusion with Insurance Hero?

Insurance Hero’s partners have extensive experience helping those undertaking more extreme cycling pursuits, such as downhill MTB or aerial BMX, get their activity included on a life insurance policy.

Some insurance providers will not provide a quote, or any quote will exclude your cycling activities. How are the companies we work with any different?

Firstly, they participate in a thorough fact-finding questionnaire with clients. They will ask all the necessary questions to understand the nature of your cycling activities in a professional yet unobtrusive manner, enabling them to provide insurance underwriters with an accurate picture of your circumstances.

Due to their reputation in the marketplace for providing accurate information, they have built trust with a network of underwriters specialising in offering cover for extreme sports, including certain cycling activities.

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Higher-risk Cycling Activities

Not all cycling activities are equal in the eyes of an Insurance Underwriter. There is a marked difference between riding recreationally for fitness and extreme types of cycling, which include, but are not limited to, the following:

• BMX riding, including aerial stunts
• Downhill mountain bike racing
• Professional road racing

Why Take Out Life Insurance Cover?

Now that we understand the intricacies of life insurance and cycling, why should you take out life insurance?

Consider the following two questions:

• Do you have financial commitments?
• Do you have family or dependents who would endure hardship should you die?

If yes to either of the above, you should consider life insurance.

How Does Life Insurance for Cyclists Work?

Life Insurance provides a lump sum payout in the event of the policyholder’s death. The lump sum is payable to the policy’s designated beneficiaries. The payout depends on the policy duration and the size of the monthly premium paid into the plan.

Decided at the outset of the policy, this takes account of your financial circumstances and needs.

Contact Insurance Hero today on 0203 129 88 66 for an accurate, no-obligation quote. Our professional team will be delighted to provide a cycling life insurance quote that includes your two-wheel activities.

A Look at Income Protection Cover For Cyclists

If you cannot work for a sustained period due to illness or injury, possibly resulting from cycling, income protection cover can help. It will provide you with a regular salary until you can return to work.

Without financial worry, you will be in the right frame of mind and able to focus on improving.

If you have some of this outstanding debt, you should consider income protection cover:

• Mortgage
• Personal loans
• Overdraft
• Car loan
• Hire purchase agreements
• Credit card debt
• Equity release

To receive income protection cover, like other types of insurance, you will need to pay a regular premium, the size of which will be decided at the policy outset and correspond to your circumstances.

Critical Illness Cover

Critical illness cover works by providing a lump sum payout should the policyholder no longer be able to work.

The Critical Illnesses covered under the policy are defined at the start of the plan and, for illustration, may include the following:

• Kidney failure (requiring permanent dialysis)
• Parkinson’s disease
• Major organ transplant (heart, lung, liver, pancreas, kidney)
• Cancer (of specified severity)
• Coronary artery bypass graft (CABG)
• Coma (resulting in permanent neurological deficit)
• Aplastic anaemia (resulting in permanent bone marrow failure)
• Severe burns (covering a specified percentage of body surface area)
• Loss of speech
• Deafness (total and irreversible)

As with other types of insurance cover, regular premium payments occur during the policy. If you survive for ten days or more from diagnosis, a payout will occur. If you die, no compensation is due.

Critical illness coverage includes varying levels, with options for increasing and decreasing coverage. For more information, please contact us.