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Backcountry skiing effects on term life insurance
- TonyP
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17 Nov 2015 09:43 #225014
by TonyP
Backcountry skiing effects on term life insurance was created by TonyP
I have been looking into getting a term life insurance policy, and the term "hazardous activities" comes up in the application process. Rock and mountain climbing are a particular "hazardous activity" inquired about. Has anyone gone through this same experience and found that recreational BC skiing falls under this hazardous activity category?
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- Don Heath
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17 Nov 2015 10:04 #225016
by Don Heath
Replied by Don Heath on topic Re: Backcountry skiing effects on term life insurance
Hi Tony, I recently bought a new term policy. I told them what I did, but I don't think they understood it, and so they didn't follow up with any additional risk clarifying questions. I think the person had the idea it was Cross Country Skiing. And I didn't offer any further explanations once they were satisfied.
I'll have my wife post her experience here if she ever needs to try to collect...
I'll have my wife post her experience here if she ever needs to try to collect...
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- T. Eastman
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17 Nov 2015 19:36 #225020
by T. Eastman
Replied by T. Eastman on topic Re: Backcountry skiing effects on term life insurance
We are all cross country skiers...
... there are some large hills along the route...
... there are some large hills along the route...
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- Dave_R
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18 Nov 2015 12:10 #225024
by Dave_R
Replied by Dave_R on topic Re: Backcountry skiing effects on term life insurance
More hazardous than parking one's butt on the couch with the TV remote and bag of cheese curls close at hand?!
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- ski_photomatt
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18 Nov 2015 20:01 #225030
by ski_photomatt
Replied by ski_photomatt on topic Re: Backcountry skiing effects on term life insurance
Hi Tony,
My wife and I just bought some new life insurance policies and didn't have any problems around backcountry skiing. We discussed the activity with our financial adviser and read through the risky avocation questions but they were all quite specific and didn't include backcountry skiing (base jumping, heli skiing, technical rock climbing, etc).
Also note that most (all?) insurance policies have a two year contestability clause so as long as there is no need to make a claim in the first two years it doesn't matter what activities you engage in after that.
My wife and I just bought some new life insurance policies and didn't have any problems around backcountry skiing. We discussed the activity with our financial adviser and read through the risky avocation questions but they were all quite specific and didn't include backcountry skiing (base jumping, heli skiing, technical rock climbing, etc).
Also note that most (all?) insurance policies have a two year contestability clause so as long as there is no need to make a claim in the first two years it doesn't matter what activities you engage in after that.
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- glenn_b
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18 Nov 2015 20:38 #225031
by glenn_b
Replied by glenn_b on topic Re: Backcountry skiing effects on term life insurance
As a former insurance agent, be straight up about what you're up to. It's up to them to underwrite the risk. And, yes, there is 2 year contestability clause. If it's questionable, don't die in the 1st 2 years. After that, you can do yourself in any which way, including suicide(!), and they should pay. Ask your agent to be sure.
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