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Risky Sports

Risky Sports That Could Affect Your Life Insurance Premiums

Risky sports, most people never consider that their favorite sport could actually be called a dangerous by in life insurance companies. This can throw up a red flag and place you in a high risk life insurancerisky sports photo classification. Using the right company with an experienced agent can make a huge impact on the outcome of your application.

Your rates will depend on how dangerous your sport actually is and how active you are in this sport. Several considerations are taken under advisement by the insurers.


Popular sports that could increase your rates

Here are some popular risky sports that could possibly increase your rates if you decide to apply for life insurance. We normally use life insurance companies that are very liberal to the sport and do not charge any extra premiums.


How can you make sure your getting the lowest rates once you apply?

This responsibility lies with your independent agent (broker). As with us, we use over 40 top rated companies and we shop the market hard to make sure we have our applicants apply with the most promising insurers. When the application process is completed, we carefully review the final rates. If we believe there is a possibility to get a lower premium for our client, we submit the application to several other companies.

Once all projected rates come in, we simply choose the carrier that offers the lowest rates and then present them to our client for their consideration. When the smoke clears, our client will be guaranteed to receive the lowest premium possible. The complete process is very simple and requires little to no work for the applicant.


How high risk life insurance can increase your rates:

Classifications & Ratings

Your rates may be affected in a number of different ways such as the health classification you will be placed in after you apply. The classification you receive can vary from one carrier to another depending on their underwriting guidelines.

Here is a basic breakdown of the classifications:

  • Preferred Plus
  • Preferred
  • Standard
  • Standard Plus

If you use tobacco:

  • Preferred Tobacco
  • Standard Tobacco


Flat Extra Fees for Risky Sports

Flat Extra fees are another way an insurance company can charge an additional premium to cover a higher than normal risk type of applicant. The flat extra fees are usually used for dangerous occupations, sports and hobbies that can possibly result in the insured’s death. This is done by using an additional dollar amount added for every $1,000.00 in life insurance coverage.

Keep in mind that the flat extra can be anything the insurance carrier wants it to be at the time of the application. Some of the more common flat extra numbers would be $2.50, $5.00 or $7.50 per $1,000.00 of face amount otherwise known as the death benefit.

Here is an example of a $2.50 flat extra fee:

If you applied for a $100,000 life insurance policy and you had a hazardous sport such as drag racing, you could commonly receive a flat extra charge of $2.50 for every one thousand dollars in coverage. Since you are requesting 100 thousand dollars of coverage, you would multiply 100 time the $2.50 which would give you a flat extra fee of an additional $250.00 per year added to your base premium.

It is possible to have a combination of a table rating increase and a flat extra at the same time. A common example of this would be an individual with medical issues and a dangerous job or sport.

In Conclusion

If you believe you may have a risky sport, contact us and we can help you. This is our business and we have been successfully doing this for over 30 years. Buying life insurance may look complicated and intimidating, but it is quick and easy when using the right agent to help you every inch of the way. Read some of our blog posts and don’t forget to use our instant quoting system to see what your options are.

All the best,
Jack Venturi

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Jack Venturi Independent Life Insurance Agent

Jack Venturi

Independent agent and founder of

Jack Venturi has over 30 years of experience selling all forms of individual and commercial insurance including Property & Casualty, Health, Disability and Life insurance. Jack has helped thousands of people all across the United States purchase the best life insurance products at the lowest possible premiums over the phone (800)-897-5699 and online.