RoysPlayThing 0 #1 May 31, 2004 Okay, well hopefully soon I will be done with these damn health issues and I'll be able to skydive soon... But this brings on to me.. New issues to think about, and I was wondering if anybody else out there thought about it or did something about it. I have two children... What if I had a accident and My life was taken by a stupid skydiving flail? .... How do I get insurance that will take care of my children if something should happen to me in this way? Chopchop and I have also thought about insurance for him, but who is going to take on a skydiver without having to pay a arm and a leg for insurance? Does anybody have this problem? And if you have Life Insurance, who did you go with? .... It's a terrible thing to have to think about, but we have to think about our children. _______________________________________________ My mind is like a parachute...it functions only when open. Quote Share this post Link to post Share on other sites
slug 1 #2 May 31, 2004 Hi RPT We worked for a big company and were part of their group plan. It was a not a issue. IMO Since your not jumping now if you got your own life insurance policy you wouldn't be lying if they asked and you told them no. Read the contract if you'r required to notify them if new hobbies, sports when you start jumping again. Beware I'm not a lawyer Lying to your insurance company is a no no they don't want to pay anyway, so don't give them a excuse. BTW what did you name your ...... Cat?R.I.P. Quote Share this post Link to post Share on other sites
SpeedRacer 1 #3 May 31, 2004 If you were disabled, you could always make money from home by continuing to post pornographic pictures of your kittens. Kitty porn, anyone? um seriously, that is a problem we all face, whether we are skydivers or not. I myself would like to find out where i can get long term disability insurance as a skydiver. But shit can happen to anyone, skydiver or not. Speed Racer -------------------------------------------------- Quote Share this post Link to post Share on other sites
Nightingale 0 #4 May 31, 2004 I'm covered through work. I checked and skydiving isn't one of the exclusions, for either health, disability, or life insurance. I work for the government, tho, so my insurance is better than most. Quote Share this post Link to post Share on other sites
MissMae 0 #5 June 1, 2004 My boyfriend and I also did the life insurance policy thingy for eachother. He has two children in Germany w/ his ex and we figured that if anything ever happened to him then we could basically take care of anyone w/ financial obligations w/ him. But we had to disclose how many jumps per year, etc.. It was more expensive for him than for me ($130 for me $180 for him - per month), but ours is also a type of savings account as well. Keep in mind though that they ask you how many jumps you do per year, and the more you tell them, the more of a risk they think you are, they don't see it as, you jump more you are more current, they would rather you only jumped 5-6 times a year. But it is more than a normal "non-skydiving" persons insurance by far. Most of the policies that we checked for any significant amount wouldn't cover you if they found out you did a sport on their questionaire, and if they are a big name company (that you think you won't have problems getting paid out from if something happens to the other person - which I pray I'll never have to find out how to receive funds from them) then skydiving and scuba diving are on their questionaires (which we do both, so that might have affected us as well). Long to short, we went with Allstate who is basically a middle man for the company that they go through. Good luck take the time to appreciate the people around you. Quote Share this post Link to post Share on other sites
airtwardo 7 #6 June 1, 2004 Wait a minute... You guys are paying 3500.00 a year for insurance??? Savings plan not withstanding! ...Notice they call it that or something similar, no reference to 'investment' was made... yet the selling point is how much more money you will get back than you put in... That's not right!!! It's bad advise... Listen, I SOLD insurance in another life.. and I fully understand the type of product you guys have. From 1 jumper to another... Go see a financial advisor... Your insurance costs should be more in line with 4-500 a year, (maybe less) take that 3000.00 xtra and start a stock portfolio...or something! You could do better buying 'Wax Lips' futures- You are not getting a good value for the dollars you are forking over to that insurance company. (around the first 300 is just going into the salesman pocket!) You'll get a better rate of return on dollars invested starting a groundhog farm! Listen..learn..shop around... ~ If you choke a Smurf, what color does it turn? ~ Quote Share this post Link to post Share on other sites
miked10270 0 #7 June 1, 2004 Health insurance is a strange thing. Basically, as with all insurance you're betting against the insurers that something terrible is going to happen... and they set the odds. With a "group" policy, like health insurance at work, the company takes a massive premium that covers, say 1,000 folk. If one or two of them are skydivers then 990 odd aren't so it doesn't change the odds much, at least not enough for most insurers to care. With an individual policy, if that individual skydives then that changes the odds (and hence the premiums) A LOT! Because of this, the key to cheap insurance ids to get it through membership of some organisation, the larger the better. That way you get to sort of hide your "dangerous sports" risk among all the Whuffos. This is why folk who've got policies through their work don't get hit with massive premiums. Do any organisations like say the Automobile Association or the NRA offer their members access to a group personal accident / health insurance? THat may be the way to go. Regards, Mike. Taking the piss out of the FrenchAmericans since before it was fashionable. Prenait la pisse hors du FrançaisCanadiens méridionaux puisqu'avant lui à la mode. Quote Share this post Link to post Share on other sites
WFFC 1 #8 June 1, 2004 QuoteWith an individual policy, if that individual skydives then that changes the odds (and hence the premiums) A LOT! <-- Self employed. This was not a question on the app when I got my medical insurance. The agent did say, and she knows I jump, that get the 'better' policy. You can change down later, but they'll generally ask more questions if you upgrade.----- ~~~Michael Quote Share this post Link to post Share on other sites
PrairieDoug 0 #9 June 1, 2004 To provide a point of reference, I pay $46/month for $100K coverage that explicitly includes skydiving-related claims. (The quote was about 40% lower before I asked for the skydiving coverage.) I also have coverage through the USPA AD&D plan, which is competitively priced. Bottom line: I don't insurance availability/cost should be a deal breaker in most cases. Quote Share this post Link to post Share on other sites
