Skydiving is a high-risk activity, which means life insurance companies will charge more.
As extreme pastimes go, mountaineering must be one of the riskiest, and the ultimate achievement for climbers is still conquering the highest peak in the world, Mount Everest. Last month saw yet another attempt on the summit succeed. At thirteen years old, American Jordan Romero has become the youngest climber ever to reach the top of Everest. Jordan, who hails from Big Bear California, reached the summit on May 23rd, earlier than planned, and the first thing he did was to call his stepmother. Speaking to her via satellite phone he told her “Mom, I’m calling you from the top of the world”.
Good News: Young People Most Likely to Partake, Which Means Lower Life Insurance Costs
Dismissing criticisms that Jordan is too young to be participating in such highly risky mountaineering activities, his stepmother, Karen said that Antarctica, which is next on Jordan’s list would be “a piece of cake”. She described Jordan as a quiet boy and “no thrill seeker.” In fact he took schoolbooks with him on the expedition to study for when he had some “downtime” in the tents.
Mountaineering Is a Highly Risky Pastime
Bungee Jumping is also a high-risk sport. Life insurance companies will set their premiums appropriately to factor in this added risk.
At 29,035 feet high Everest has seen many fatalities, mainly climbers who perish due to cold and lack of oxygen. Climbing, along with other high octane hobbies such as paragliding, skydiving, rodeo riding, white water rafting, skiing, and mountain biking are attractive to many of the participants due to the risk or “adrenaline rush” involved. Unfortunately if you are an adrenaline junky in your spare time you will pose a big potential risk to life insurers. Life insurance companies will charge higher premiums to people who deliberately put themselves in dangerous situations. If keeping life assurance costs low is a priority then taking up a more sedentary hobby such as golf should help reduce your premiums. Then again, golf is unlikely to give you the thrill that adventure sports would. Whether your choose the former, or the latter, a low-cost life insurance policy is always a good idea, so protect yourself right away by requesting a free quote here.
photo credit (top to bottom): oncethiswas, LaBellaVida