What Is A Guaranteed Insurability Option?
Question asked by Mrs M Harrow
I frequently go gliding as a hobby. I’m looking to get Life Insurance as a cushion for my family should they need it to help pay the mortgage if I were to pass away. Will my hobby be included so if I do have an accident it won’t interfere with a claim?
It is possible to get Life Insurance if you partake in hazardous pastimes such as gliding. However, as there is an increased risk to the insurer by you partaking in hazardous sports or hobbies, it is likely that this will result in an increased premium.
Whether they take this approach will depend on a number of factors such as your level of experience, where you fly, how frequently you fly and the type of glider you fly.
All insurers take different underwriting approaches and some will adopt a stricter philosophy than others.
Therefore, if you participate in any hobbies such as gliding it would be best to discuss your options with an adviser, like Drewberry, as the premiums quoted on comparison sites will not likely consider this extra risk and therefore the premiums quoted online may not be accurate.