Does Life Insurance Cover Skydiving?

It’s usually a good suggestion to get life insurance coverage, no matter whether or not you skydive or not. You might need life insurance if you wish to present to your family members after you die, or keep away from burdening them together with your monetary obligations or end-of-life prices. Though skydiving has gotten safer through the years, it’s value it to contemplate life insurance coverage earlier than you soar.

From 2004 to 2024, charges of skydiving fatalities within the U.S. decreased by 72%, primarily based on USPA knowledge. In 2024, 9 individuals died from skydiving out of an estimated 3.88 million jumps, a charge of 0.23 fatalities per 100,000 jumps.

To place that in perspective, 2023 knowledge from the Federal Highway Administration reveals that there have been 17.2 freeway deadly motorcar crashes within the U.S. per 100,000 licensed drivers, a charge practically 75 instances greater than the skydiving fatality charge. Whereas we’re not encouraging skydiving, it will not be as harmful as individuals assume.

That mentioned, loss of life isn’t the one danger of skydiving. Accidents are potential, as nicely. A examine of about 2.1 million jumps within the Netherlands between 1995 and 2020 discovered that the majority accidents happen throughout touchdown, with the decrease extremities and backbone most affected, in response to a examine revealed within the World Journal of Emergency Surgery.

Of those 2.1 million skydives, there have been 2,715 incidents reported, 1,503 of which included accidents and 26 of which included deaths, leading to 72 accidents and 1.24 fatalities per 100,000 jumps. Novice jumpers had the best damage charges. For those who land incorrectly, you might danger being disabled. Common life insurance coverage solely covers loss of life, not incapacity.

A conventional life insurance coverage coverage isn’t your solely possibility. You’ll be able to both add a rider to your current life insurance coverage coverage, get a person plan, or add a rider to your medical health insurance coverage.

An unintentional loss of life profit (ABD) is a supplemental life insurance coverage coverage that gives an additional loss of life profit if the insured dies from an accident.

Just like an ABD, unintentional loss of life and dismemberment (AD&D) pays an additional loss of life profit if somebody dies in an accident, however it might additionally pay an additional profit if somebody loses any two limbs or their sight, speech, listening to, or motion. You should buy AD&D both as a person plan or a rider to a life insurance coverage coverage. Evaluate life insurance to accidental death and dismemberment.

Another choice is including a incapacity rider to your medical health insurance, which might substitute your misplaced earnings if you happen to couldn’t work as a consequence of a incapacity. Incapacity insurance coverage would pay 50% to 70% of your earnings, and the advantages should not taxed, in response to the Insurance Information Institute.

Skydiving is taken into account an excessive sport, however it’s not the one one.

In line with Britannica, different excessive sports activities embody however should not restricted to:

These excessive sports activities usually contain excessive speeds or heights and a better danger of loss of life or damage. Typically, they happen in distant areas with restricted entry to medical care, longer response and transport instances, entry to fewer medical sources or suppliers with restricted expertise, and extra geographic/environmental challenges, in response to the Journal of Orthopaedic Surgery and Research.

Life insurance coverage covers deaths from excessive sports activities, however you’ll have greater premiums if you happen to have interaction in these sports activities commonly.