Life Insurance for Scuba Divers

You have probably landed on our website because you are a scuba diver who is contemplating buying a life insurance policy. You have surfaced in the right place!

Scuba diving has life insurance underwriters falling into many different camps when determining the rates scuba divers pay for life insurance.

Recreational divers have more affordable premiums than riskier divers who may need the assistance of high-risk life insurance companies.

If you enjoy scuba diving, make sure your dive into our helpful tips for finding affordable life insurance rates. 

Scuba Diver Life Insurance RatesScuba Diver Life Insurance Rates

When looking into a life insurance policyknowing the premiums you will pay is often challenging until your policy goes through the underwriting process. 

During the life insurance underwriting process, you will eventually be given an insurance risk classification that will determine the actual cost of your policy.

Here are the names associated with the rate classes available in the life insurance industry. 

LIFE INSURANCE rate classes

Preferred PlusTable A = 25% above standard rates
PreferredTable B = 50% above standard rates
Standard PlusTable C = 75% above standard rates
StandardTable D = 100% above standard rates

Does scuba diving affect your life insurance rates?

There are four different considerations underwriters use when evaluating scuba diving applicants.

Life insurance companies classify scuba divers by certification type, dive depth, type of diving, and diving experience.

Certification type and rate class

 Every organization offers different levels of certification, from advanced to a master diver.

If you have proof of a higher degree of certification, you are much more likely to receive a preferred or even a preferred plus health class.

You must be a certified diver from an organization such as PADI or NAUI.

Dive depth and rate class

 Most insurance underwriters generally want to know if you go down to a depth of more than 100 feet.

Typically, recreational divers have a maximum depth of up to 50 feet, while master-certified divers can go down to 100 feet and qualify for the preferred plus rate class.

Master-certified scuba divers can get preferred plus rates on policies offered by AIG, Lincoln Financial, Banner, and Pacific Life.

Type of diving and rate class

Life insurance underwriters also classify various types of diving as more dangerous.

There are a few types of riskier diving: wreck diving, cave diving, rescue diving, commercial diving, and ice diving.

If you participate in these riskier activities, you most likely will qualify for either a standard rate class or a rated policy.

Diving experience

More knowledgeable and experienced divers can also obtain better rates when applying for life insurance.

Underwriters may require you to provide how many dives you have completed within the last year and your life to determine if you qualify for a preferred plus rate class.

Most divers fall into the recreational category, with excellent rates widely available.

Naturally, your premiums for life insurance get higher as you take more chances, go deeper, and engage in riskier types of diving.

Life insurance underwriters must consider these factors when qualifying you for life insurance as a scuba diver.

These life insurance rate classes are general guidelines, and many insurance companies have different rules to qualify for each rate class.

When applying for affordable life insurance as a scuba diver, fully disclose your overall health and hobby to your life insurance agent.

Many insurance companies will require a scuba diving questionnaire detailing your underwater activities.

The actual price scuba divers pay for life insurance is personal factors like your age, medical background, and family history.

Getting reasonable prices on life insurance for a scuba diver requires research on our part, but the extra effort is well spent for our open-water enthusiasts.

Life Insurance for Scuba Divers

Types of  Scuba Diver Insurance

What types of life insurance policies are available to cover my needs for life insurance?

There are several different types of life insurance policies to provide coverage for your family. Two of the most common are term and universal life insurance.

Term Life Insurance

A term life insurance policy offers guaranteed death benefits and level premiums for an initial 10, 15, 20, or even 30 years.

Term life insurance is an excellent choice for applicants to obtain the largest insurance at the cheapest cost.

Term coverage can be tailored in duration to address needs such as protecting a mortgage or providing income to your surviving spouse.

Universal Life Insurance

Universal Life Insurance is a form of permanent coverage with the premium and death benefit guaranteed for your entire lifetime.

Universal life insurance can be designed for cash accumulation, similar to a savings account with tax-deferred growth and lifetime coverage.

Universal life can also be structured at a competitive price with no cash value and guaranteed lifetime coverage.

Which is a better term or universal life for your needs?

If you only have a short-term need for coverage, the best life insurance policy is a simple term plan.

We usually recommend universal life insurance if you want your coverage to last your entire life.

We aim to help you find the best-priced term or permanent policy for your overall planning needs.

Not to mention, identify which life insurance company will offer the lowest premiums if you engage in riskier types of scuba diving.

Affordable Life USA  often expedites the underwriting process for scuba divers by shopping your policy with multiple insurance companies.

scuba diving insurance

Need Scuba Diving Insurance Quotes?

 

best diving insurance companiesOur Life Insurance Companies

The best insurance companies for scuba divers provide policies that fit your financial needs and have the highest financial ratings. 

These rating agencies perform extensive analysis to determine each insurer’s financial strength and claims-paying ability.

A rating is not a guarantee of financial strength, but it can be considered a reliable indicator of how a company will perform in the future.

We have assembled a list of hishest rated life insurance companies in America.

These are the highest-rated life insurance companies by the four major rating agencies and their overall Comdex score. 

 

Insurance Company Ratings Chart

COMPANY BBB AM Best JD Power
AIG A+ A 718
AXA Equitable A+ A+ 752
Banner Life A+ A+ N/A
Brighthouse A+ A+ N/A
Guardian Life A+ A++ 760
John Hancock A+ A+ 739
Lincoln Financial A+ A+ 744
Mass Mutual A+ A++ 780
Metlife B- A+ 780
Mutual of Omaha A+ A+ 766
Nationwide A+ A+ 806
Pacific Life A+ A+ N/A
Principal Financial A+ A+ 774
Protective A+ A+ 742
Prudential A A+ 770
SBLI A+ A+ N/A
Transamerica A+ A+ 720

FAQ

The underwriting time varies depending on whether your agent recommends the no exam or exam underwriting process.

It some case it may only take a week to approve your policy!

However, if a medical exam and medical records are needed from your doctor, the average time is 2-3 weeks from when you take your examination.

Getting great rates on life insurance with a pre-existing medical condition can be relatively easy or more complicated, depending on the details of your specific medical condition.

With many common treatable conditions like hypertension, cholesterol, depression, and diabetes, getting approved with excellent rates is possible. 

We have the niche company relationships and proven strategies to secure the lowest prices available if you are being treated for one of these common ailments.

Are you attempting to get life insurance for pre-existing conditions that are more serious?

Then, we always recommend doing a little more preliminary research to get the coverage with the rates you deserve hopefully.

We use clinical underwriting to help you obtain life insurance for pre existing conditions that are more complicated like heart disease and cancer.

Let us help you by applying our knowledge of life insurance underwriting to find you the cheapest life insurance policy based on your health and lifestyle.

Trending Types of Life Insurance

  • Affordable Life USA, LLC is an independent insurance agency that sells life insurance directly to clients across the United States.

    Its founding member, Eric Van Haaften, has sold life insurance for over 33 years. Eric has been featured in renowned publications such as Time, Newsweek, Us News, and The Wall Street Journal. 

    Our team of experienced insurance agents and financial planners is dedicated to finding the right coverage for your needs and budget. 

    Start searching for the perfect life insurance policy using our online calculator. We consistently update our rates to ensure you can access competitively priced options from many highly rated life insurance companies. 

    Affordable Life USA, LLC

    Eric Van Haaften, LUTCF

       Eric Van Haaften, LUTCF

    1-877-249-1358

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