You have probably landed on our website because you are a scuba diver who is contemplating buying a life insurance policy. You have surfaced in the right place!
Scuba diving has life insurance underwriters falling into many different camps when determining the rates scuba divers pay for life insurance.
Recreational divers have more affordable premiums than riskier divers who may need the assistance of high-risk life insurance companies.
If you enjoy scuba diving, make sure your dive into our helpful tips for finding affordable life insurance rates.
Scuba Diver Life Insurance Rates
When looking into a life insurance policy, knowing the premiums you will pay is often challenging until your policy goes through the underwriting process.
During the life insurance underwriting process, you will eventually be given an insurance risk classification that will determine the actual cost of your policy.
Here are the names associated with the rate classes available in the life insurance industry.
LIFE INSURANCE rate classes
| Preferred Plus | Table A = 25% above standard rates |
| Preferred | Table B = 50% above standard rates |
| Standard Plus | Table C = 75% above standard rates |
| Standard | Table D = 100% above standard rates |
Does scuba diving affect your life insurance rates?
There are four different considerations underwriters use when evaluating scuba diving applicants.
Life insurance companies classify scuba divers by certification type, dive depth, type of diving, and diving experience.
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Certification type and rate class
Every organization offers different levels of certification, from advanced to a master diver.
If you have proof of a higher degree of certification, you are much more likely to receive a preferred or even a preferred plus health class.
You must be a certified diver from an organization such as PADI or NAUI.
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Dive depth and rate class
Most insurance underwriters generally want to know if you go down to a depth of more than 100 feet.
Typically, recreational divers have a maximum depth of up to 50 feet, while master-certified divers can go down to 100 feet and qualify for the preferred plus rate class.
Master-certified scuba divers can get preferred plus rates on policies offered by AIG, Lincoln Financial, Banner, and Pacific Life.
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Type of diving and rate class
Life insurance underwriters also classify various types of diving as more dangerous.
There are a few types of riskier diving: wreck diving, cave diving, rescue diving, commercial diving, and ice diving.
If you participate in these riskier activities, you most likely will qualify for either a standard rate class or a rated policy.
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Diving experience
More knowledgeable and experienced divers can also obtain better rates when applying for life insurance.
Underwriters may require you to provide how many dives you have completed within the last year and your life to determine if you qualify for a preferred plus rate class.
Most divers fall into the recreational category, with excellent rates widely available.
Naturally, your premiums for life insurance get higher as you take more chances, go deeper, and engage in riskier types of diving.
Life insurance underwriters must consider these factors when qualifying you for life insurance as a scuba diver.
These life insurance rate classes are general guidelines, and many insurance companies have different rules to qualify for each rate class.
When applying for affordable life insurance as a scuba diver, fully disclose your overall health and hobby to your life insurance agent.
Many insurance companies will require a scuba diving questionnaire detailing your underwater activities.
The actual price scuba divers pay for life insurance is personal factors like your age, medical background, and family history.
Getting reasonable prices on life insurance for a scuba diver requires research on our part, but the extra effort is well spent for our open-water enthusiasts.
Types of Scuba Diver Insurance
What types of life insurance policies are available to cover my needs for life insurance?
There are several different types of life insurance policies to provide coverage for your family. Two of the most common are term and universal life insurance.
Term Life Insurance
A term life insurance policy offers guaranteed death benefits and level premiums for an initial 10, 15, 20, or even 30 years.
Term life insurance is an excellent choice for applicants to obtain the largest insurance at the cheapest cost.
Term coverage can be tailored in duration to address needs such as protecting a mortgage or providing income to your surviving spouse.
Universal Life Insurance
Universal Life Insurance is a form of permanent coverage with the premium and death benefit guaranteed for your entire lifetime.
Universal life insurance can be designed for cash accumulation, similar to a savings account with tax-deferred growth and lifetime coverage.
Universal life can also be structured at a competitive price with no cash value and guaranteed lifetime coverage.
Which is a better term or universal life for your needs?
If you only have a short-term need for coverage, the best life insurance policy is a simple term plan.
We usually recommend universal life insurance if you want your coverage to last your entire life.
We aim to help you find the best-priced term or permanent policy for your overall planning needs.
Not to mention, identify which life insurance company will offer the lowest premiums if you engage in riskier types of scuba diving.
Affordable Life USA often expedites the underwriting process for scuba divers by shopping your policy with multiple insurance companies.
Need Scuba Diving Insurance Quotes?
Our Life Insurance Companies
Our Life Insurance CompaniesThe best insurance companies for scuba divers provide policies that fit your financial needs and have the highest financial ratings.
These rating agencies perform extensive analysis to determine each insurer’s financial strength and claims-paying ability.
A rating is not a guarantee of financial strength, but it can be considered a reliable indicator of how a company will perform in the future.
We have assembled a list of hishest rated life insurance companies in America.
These are the highest-rated life insurance companies by the four major rating agencies and their overall Comdex score.
Insurance Company Ratings Chart
| COMPANY | BBB | AM Best | JD Power |
|---|---|---|---|
| AIG | A+ | A | 718 |
| AXA Equitable | A+ | A+ | 752 |
| Banner Life | A+ | A+ | N/A |
| Brighthouse | A+ | A+ | N/A |
| Guardian Life | A+ | A++ | 760 |
| John Hancock | A+ | A+ | 739 |
| Lincoln Financial | A+ | A+ | 744 |
| Mass Mutual | A+ | A++ | 780 |
| Metlife | B- | A+ | 780 |
| Mutual of Omaha | A+ | A+ | 766 |
| Nationwide | A+ | A+ | 806 |
| Pacific Life | A+ | A+ | N/A |
| Principal Financial | A+ | A+ | 774 |
| Protective | A+ | A+ | 742 |
| Prudential | A | A+ | 770 |
| SBLI | A+ | A+ | N/A |
| Transamerica | A+ | A+ | 720 |
Trending Types of Life Insurance
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Affordable Life USA is dedicated to providing comprehensive life insurance solutions to families and business owners throughout the United States.
For over thirty years, our agency has provided a platform for comparing hundreds of life insurance policies without the stress of high-pressure sales tactics.
Our experienced team of financial planners has helped thousands of clients obtain affordable coverage through our efficient online application process.
Our founder, Eric Van Haaften, expanded our consumer-centric sales model nationally by leveraging the influence of renowned publications such as Time, Newsweek, and The Wall Street Journal.
Eric acquired his love for quantitative analysis while getting his business degree from Ferris State University, which provided a solid foundation for his analytical approach to financial planning.
Eric Van Haaften, LUTCF
1-877-249-1358
