charleslittle 0 #1 October 29, 2003 Anyone know if/where/how to obtain medical insurance for skydivers? I'm signing up for a medical policy and they specifically do not cover injuries resulting from flying, skydiving, etc. etc. any info?"Life is a party...dance your way through it!" Quote Share this post Link to post Share on other sites
AndyMan 7 #2 October 29, 2003 Try a different insurance company. I'm currently with Blue Cross Blue Sheild of Illinois PPO and they have no problems with skydiving. I previously had been with AETNA PPO and HMO and they also didn't have any problems. _Am__ You put the fun in "funnel" - craichead. Quote Share this post Link to post Share on other sites
Scrumpot 1 #3 October 29, 2003 QuoteI'm currently with Blue Cross Blue Sheild of Illinois PPO and they have no problems with skydiving. I previously had been with AETNA PPO and HMO and they also didn't have any problems. This is most likely because you are (were) a member of a (usually employment based) group. Inclusions/exclusions are thereby generally negotiated by that group (your employer). I know for a FACT that both of these companies can, and in many instances DO have exclusions for "high-risk sports/activities" (not just skydiving) for those seeking INDIVIDUAL policies. My 1st response would actually be another question: Are you seeking this policy as an INDIVIDUAL, or through a GROUP or some other collective-based (credit union memberships sometimes are really good avenues) means? I may be able to refer you to an agent once I know the answer to this from my company (I work for an insurance company indirectly); but there is a big difference between the 2, and therefore the appropriate contact could be very different depending which type of policy you are seeking. Blue Skies, -Grantcoitus non circum - Moab Stone Quote Share this post Link to post Share on other sites
charleslittle 0 #4 October 29, 2003 COOL! I'm applying as an individual. I'm a self-employed small biz owner."Life is a party...dance your way through it!" Quote Share this post Link to post Share on other sites
Scrumpot 1 #5 October 29, 2003 SBA (and similar) affiliations offer certain access to group rate/policy (and other ancillary "collective" type) benefits. Perhaps you should also consider those? ...That being said, I'll go to PM with you for an INDIVIDUAL suggestion. Blue Skies, -Grantcoitus non circum - Moab Stone Quote Share this post Link to post Share on other sites
1911 0 #6 October 31, 2003 I have KAISER and they cover it.....I think...well I had the medical coverage before I started so it should be fine.....shoot, I should call...gotta go! Blue skies! I got great life insurance though ...for $500,000 whole life it is $9,687 a year...that's pretty good. I own the policy in 20 years so your not renting it like with term insurance, that is a waste.When in doubt......Empty the magazine! Quote Share this post Link to post Share on other sites
Nightingale 0 #7 October 31, 2003 DON'T CALL. just read your disclosures. Skydiving will be listed under "exclusions" if its listed at all. If you injure yourself with a sprain or something, just tell the doc you fell (just don't say it was from 13,000 feet!). You don't want your insurance to know you skydive if they don't cover skydiving injuries. Now, if you have a major injury, you're SOL, but for those little sprains, strains, and breaks, you can usually CYA by just saying you fell on it. I had insurance that excluded martial arts related injuries (since have acquired new insurance). I broke two ribs when my friend got a little overenthusiastic during a demonstration... I told the doctor "my friend elbowed me in the ribs!" I just didn't say that it was while we were doing martial arts. Truth, just not the whole truth. as much as I hate lying (or misleading) sometimes its necessary. Quote Share this post Link to post Share on other sites
kelpdiver 2 #8 October 31, 2003 QuoteI got great life insurance though ...for $500,000 whole life it is $9,687 a year...that's pretty good. I own the policy in 20 years so your not renting it like with term insurance, that is a waste. Bear in mind however that you paid 200k in premiums in those 20 years, and to get 500k would only involve regular investing with an annualize 8.5% return. While most people would be happy to get that return lately, your insurance policy's gains are also dictated by the market, minus the insurance cost. At a 10% return (typical average for long term growth, but no guarantees of course), you'd return 614,000. For that 114k, you could get sufficient term life and have money left over. And that is why people go with term instead of whole. And then us single people don't even worry about it - the healthy insurance is far more important. If you can get disability, a good move too for the 20-30somethings here. Quote Share this post Link to post Share on other sites
1911 0 #9 November 1, 2003 "Bear in mind however that you paid 200k in premiums in those 20 years, " I like the fact that it is paid off in 20 years and I have it for life, or I can cash out. I have full custody of my two minor children and along with the trust fund and investments I'm sure they will have fun spending it, not till 25-30 though ...heheheeehhWhen in doubt......Empty the magazine! Quote Share this post Link to post Share on other sites
