Home > Personal Finance Center > Life Insurance > Dangerous Hobbies Can Increase Premiums

Dangerous Hobbies Can Increase Premiums

Dangerous Hobbies Can Increase Premiums

Life Insurance

Dangerous Hobbies Can Increase Premiums

When you take out a life insurance policy you’ll be asked a number of questions, including whether you engage in “dangerous” hobbies like skydiving, bungee jumping, scuba diving, rock climbing, etc. If you do, the insurance company will typically place you in a higher risk category, which means your premiums will be higher.

If cost is a concern, your only real option is to consider giving up dangerous hobbies. While you could choose not to disclose a hobby, that could create the risk of a coverage dispute if you do pass away while engaged in that hobby. While you won’t receive a lower premium, at least your beneficiaries will receive the benefit of your policy.

What is New

Stock Market

Stocks headlines
Index Last Change
Dow 16912.11 -70.48
Nasdaq 4442.70 -2.21
S&P 500 1969.95 -8.96
NYSE 10936.68 -50.55
AMEX 2774.21 -4.54
Input stock ticker 
Or company name