Getting life insurance as a climber can be difficult due to the sport being considered high risk. In all likelihood, insurance companies will offer climbers life insurance quotes with a much higher premium then they would charge to people who enjoy less obviously dangerous pastimes. Life insurance for climbers serves the same purpose as it does for anyone else; to provide financial security to those that are left behind either in the form of a single payment or a series of regular payments.
Providers of life insurance base their premiums on the probability that the life assured will survive the policy term. For higher risk groups such as smokers, those with dangerous jobs, those with long term health problems and those people who enjoy doing things like mountain climbing, premiums will be adjusted accordingly.As underwriting differs from one insurer to the next, policy on climbers will vary and therefore premiums quoted so it is worth talking to a specialist broker to get the right cover at an affordable price.
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