nigel99 143 #1 July 16, 2012 I've just adjusted my life insurance, and they have a revised disclosure statement. I disclosed skydiving and they asked for number of jumps per year. I got a follow up call and they wanted to know the equipment used, and the height. I answered with the brand and model of my container (tse teardrop) and altitude not higher than 14k. Anyone see a problem with that detail? Does it mean I might not be covered if I borrowed someone else's rig? I found it interesting how detailed and knowledgeable the skydiving questions were, compared to previous encounters.Experienced jumper - someone who has made mistakes more often than I have and lived. Quote Share this post Link to post Share on other sites
jcd11235 0 #2 July 16, 2012 QuoteI answered with the brand and model of my container (tse teardrop) and altitude not higher than 14k. Out of curiosity, did you specify AGL? That seems like a potential point of confusion, in the unfortunate event of a claim.Math tutoring available. Only $6! per hour! First lesson: Factorials! Quote Share this post Link to post Share on other sites
nigel99 143 #3 July 16, 2012 QuoteQuoteI answered with the brand and model of my container (tse teardrop) and altitude not higher than 14k. Out of curiosity, did you specify AGL? That seems like a potential point of confusion, in the unfortunate event of a claim. No, but fortunately we are at sea level here. For the Australians it is TAL ( Australian super underwriters) they accepted death cover at ordinary rates, but income protection and permanent disability have skydiving excluded. That's not a problem for me, as work provides a scheme.Experienced jumper - someone who has made mistakes more often than I have and lived. Quote Share this post Link to post Share on other sites
jimmytavino 16 #4 July 16, 2012 same thing here... i'm in my late 50s and the agent said. "Yes We CAN write a policy which covers you." The telephone "interview" which followed seemed well thought out, asking similar questions. Years in the sport... jumps per year. etc . Though i don't remember anything about Gear... The premium amount was adjusted upwards, maybe 20 dollars a month....but they DID issue the policy... It supplements the whole life..(from other agents) which we have been carrying for years since THOSE benefit amounts have been beaten down by inflation.... Quote Share this post Link to post Share on other sites
Deisel 35 #5 July 16, 2012 Just got an updated (more coverage) policy last week. The original policy application fully disclosed my skydiving and the insurance company didn't make any mention of it. This time however, they went into detail about jump numbers and frequency. There was some back and forth between my agent and the company but in the end they raised my premium by about $10 a month and issued the policy.The brave may not live forever, but the timid never live at all. Quote Share this post Link to post Share on other sites
Scrumpot 1 #6 July 16, 2012 This is becoming more & more common lately. An insurance underwriter friend of mine has said that many of the "majors" (she works for State Farm) have even released internal "guidance" on not only just skydiving, but several higher-risk activities / sports, and rather than just outrightly exclude them (which many used to do) - they actually recognize now, that more "active" lifestyles can actually be more (overall) "healthy" than a sedentary one, and again - rather than exclude otherwise healthy ACTIVE persons (which they also recognized they were missing out on as a result) - they've much more appropriately recently decided to "rate" them. As a result too, many have become more educated even, themselves in the particular activities - and will actually recognize that CURRENCY (activity frequency maintenance and not $$) , regularity, rather than even varying activities and infrequency (i.e. being just an adrenaline junkie "tourist") - also RATES BETTER! coitus non circum - Moab Stone Quote Share this post Link to post Share on other sites
