Skydiving Life Insurance And Critical Illness Cover

Elaine Brookes Steve Case

Author: Steve Case - Insurance Expert

Reviewed & Fact Checked By: Elaine Brookes

Updated: 26th June 2024

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Read our comprehensive guide to life insurance and associated covers. We will explain why getting life cover is essential if you skydive. In short, if you want to provide peace of mind for your loved ones, this guide is essential reading.

The Insurance Hero team comprises specialists dedicated to assisting individuals engaged in extreme sports and high-risk hobbies, particularly those seeking life insurance, critical illness coverage, and income protection for activities such as skydiving.

Through our extensive experience, we have observed that applications for parachuting and skydiving life insurance range from standard rates with no exclusions to moderately increased premiums with some exclusions.

We strive to provide tailored solutions that meet the unique needs of our adventurous clients, ensuring they receive the best possible coverage.

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How Does Life Insurance Cover Work?

Life insurance works to provide a covered amount for designated beneficiaries should you die when skydiving or in other circumstances throughout the fixed term of a policy. The cover amount self-funds through the payment of a pre-determined monthly premium throughout the policy life.

How Do Life Insurers View Skydiving, Parachuting Or Base Jumping?

Tandem Skydiving
Jumping attached to an instructor
Ideal for beginners
Minimal training required

Static Line Parachuting
Automatic parachute deployment upon exit
Often used for military training
Suitable for first-time solo jumpers

Accelerated Freefall (AFF)
Rapid progression training method
Freefall from the first jump
Two instructors accompany the student initially

Formation Skydiving (FS)
Also known as Relative Work (RW)
Jumpers create formations in freefall
Requires coordination and practice

Includes vertical and head-down positions
More advanced skydiving discipline
Greater speed and manoeuvrability

Wingsuit Flying
Wearing a specially designed suit to increase surface area
Provides the ability to glide horizontally
Requires advanced skills and experience

BASE Jumping
Jumping from fixed objects (Buildings, Antennas, Spans, Earth)
Extremely high risk
Requires significant experience and skill

Canopy Piloting (Swooping)
High-speed manoeuvres close to the ground
Requires precise control and skill
Often involves navigating a course of gates

Using a board attached to the feet
Allows for surfing manoeuvres in the air
Advanced discipline requiring high-skill

CRW (Canopy Relative Work)
Performing formations with open parachutes
Also known as canopy formations (CF)
Requires coordination with other jumpers

Night Jumps
Skydiving after sunset
Requires additional safety measures and equipment
Offers a unique and thrilling experience

High Altitude Low Opening (HALO)
Jumping from extremely high altitudes
Delayed parachute deployment
Requires special equipment and training

Hop and Pop
Immediate parachute deployment after exit
Typically, from lower altitudes
Often used for canopy training

Indoor Skydiving
Simulating freefall in a vertical wind tunnel
No actual jump involved
It is ideal for training and practice without the risk

    The risks in Skydiving can include severe injury or death as a result of rough landings, a hostile environment, or equipment failure.

    Underwriters will want to know the extent of your skydiving activities. Insurance premiums can sometimes be loaded, especially if the number of jumps exceeds 50 per year. A loaded insurance premium for Skydiving uses additional skydives as a basis for calculation.

    Assessing Your Skydiving Activities

    Insurance Hero wants to have your skydiving activities included as part of your life insurance policy with premiums that reflect your activities, are not unnecessarily loaded, and certainly not excluded from the life policy.

    Insurance Hero, Your Skydiving Insurance Expert

    Underwriters trust Insurance Hero due to our rigorous fact-finding questionnaires. We work with you, our clients, to understand the nature of your skydiving activities.

    Answering questions honestly helps ensure that the premium correctly reflects the activities undertaken. It will also ensure that there will be no dispute about your skydiving pursuits should you die.

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    • Our price match promise means we will find you the right cover for your personal circumstances at the lowest price possible. Terms & Conditions and Privacy Policy

    Fact-finding questions that we ask via a telephone call to ascertain your involvement in the pursuit will include some of the following:

    • What type of Skydiving do you participate in?
    • Where do you skydive?
    • At what altitude do you skydive?
    • How many skydives do you make in a year?
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    Understanding Critical Illness Cover

    An associated cover of life insurance is critical illness. Whereas life insurance pays out upon death, critical illness pays out should you survive a recognised disease or medical procedure diagnosis.

    Payout typically occurs after ten days of survival from diagnosis. At the onset, a standard list of critical illnesses is generally part of a policy. Additional diseases and medical procedures correlated to your skydiving pursuits can be included initially.

    For example, the list of broken or fractured bones from a bad fall or landing is prevalent.

    Here is a short list of critical illnesses and medical procedures covered in a standard policy:

    • Certain types of cancer
    • Alzheimer’s disease or pre-senile dementia
    • Coronary artery by-pass grafts
    • Creuzfeldt-Jakob disease
    • Devic’s disease
    • Loss of speech
    • Loss of hand or foot
    • Parkinson’s disease
    • Cardiac Arrest
    • Stroke
    • Severe lung disease
    • Heart attack
    • Liver disease
    • Kidney failure

    Critical illness includes three types of additional cover: increasing, decreasing, and level cover.

    Increasing critical illness cover

    Over the policy term, the payout amount will increase in line with the consumer price index (CPI), an inflation indicator. In years where there is no inflation increase, the payout amount typically remains unchanged.

    Decreasing critical illness cover

    Every month that passes in the fixed term of the policy, the payout amount decreases. For example, it could be useful in matching a mortgage’s payment schedule, which reduces over time.

    Level critical illness cover

    With level critical illness cover, the cover amount remains unchanged throughout the life of the policy.

    Contact Insurance Hero today for your critical illness policy needs. Our professional team of brokers will guide you through this type of life cover and get you a quote closely correlated to your needs. Call now on 0203 129 88 66 for a free, no-obligation quote.

    Income Protection Cover For Skydivers

    Income protection provides a regular salary if you cannot work for a time. A skydiving accident may leave you unable to work and receive a salary from your employer. Paying a regular premium into a fixed-term income protection plan will cover this eventuality.

    Confirmation of the salary amount occurs at the outset of the policy. The first salary payment following a claim typically occurs between one month and one year.

    Income protection is essential if you have outstanding debt, including but not limited to the following:

    • Mortgage
    • Personal Loans
    • Credit card debt
    • Hire purchase agreements
    • Equity release
    • School fees