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Does anybody know a company that will insure someone who jumps off cliffs with a parachute? And more importantly, a company that will pay up if that person dies while jumping off a cliff. Now that I'm old and married and all respectable like, I need to think about these things.

As long as it not your job, and don't produce income off of it they have no right to deny your claim unless there is a clause in your policy. Hows the foot?

I use to sky-jump with an insurance salesman. He told me the last BASE jumper he tried to insure went in on a WS jump.

He then said you can get life insurance but it's going to cost you $$$$$$$$$. BIG

There are only a couple of BASE fatalities in the US each year compared to thousands of motorcycle fatalities. So why do BASE jumpers get singled out? Ridiculous.

After having my 2nd kid four years ago, I got more life insurance. Knowing they ask about your parachute experience, I came clean and thought that the truth might help. I told them I'm a professional jumper and I organize the largest BASE jumping event in the world. According to a BASE vendor, this approach has worked before. Well, no luck for me. They would only cover my skydiving (no BASE jumping) at a cost of $1000 per year for $300k coverage.

Bottom line: You're S.O.L. unless you lie.....and then your family is probably S.O.L. if you die BASE jumping.

PS. We should start our own insurance fund for jumpers.

www.ihi.com - covers ALL sports except for motor-sports so unless you plan on jumping BASE with a car or motorbike you should be good :)

edit: I just now remembered that it's a travel insurance so it covers only if you jump outside of your country of residence. But maybe it'll still help you in some situations

i wonder if being in mid-air actually qualifies being in the country!

i like the concept of a business generated from the people within.

And i beleive that if the jump is illegal then ya fucked...

IHI is great but only if its legal..

I have state farm life insurance. asked them, and was told since I had the policy PRIOR to me jumping, I am covered. They did say that they would have denied it if I jumped before getting them to cover me.
also, if truely worried, join the reserves, and get that insurance policy. they pay even for suicides.

most policies will pay even in the event of suicide, however there are clauses about how long the policy must be in place before that is actually valid - mine said you had to carry the policy for 2 years, and then there was some clause about proving that the suicide wasn't specifically intended for the gain of insurance proceeds.

With my job they gave me the option of getting life insurance with no questions asked when I first started. I went with 25,000, since I have little debt and no dependents, that should be plenty enough to through my mangled ass in a box and put me in the ground. So the answer is, find a job like mine that has a group plan that allows a one time no questions asked policy at the group rate.

My life insurance wont pay for BASE, but they will pay for skyjumps and they will pay for suicide. So just leave a suicide note before you jump, just tell your family that the note was not real, just dont jinks yourself

Had this conversation today with a friend who works for SF, oddly enough. He said this exact thing. But you have to wait for the policy to mature first, average of two years. Its the best info I've found so far.

I guess that only works if you plan on not opening your parachute on every jump :D

I have seen Cochran take a bike off a big wall. So he would be SOL.

I joined group life and AD&D plans with no exclusions apart from terrorist attacks and being in the military (general aviation and/or dangerous sports often aren't covered) and converted them to individual plans when I changed jobs.

Looks like $114 a month ($1368/year) for a $600K life insurance policy and $82 a month ($984/year) for a $750K accidental death and dismemberment policy.

this question is mainly for Canadian's that have go to KL in the past... which insurance company did you use and approx. how much did it cost you?

So an ER MD I work with had a great idea.

Find some investor(s) in which they take out the policy. Say 5m.

In turn you have them pay you per jump. Say 200.00 USD. You make 100 jumps a year you make 20,000. You in turn invest that $$ so when you do go in your wife and kids are set.

The investor is waiting for you to go in and collect on his investment.

Just don't let him pack for ya

After "EVERY" other company laughing at my broker, Metlife gave me a policy that covered private aviation, Skydiving and BASE. $279/mo for $500K $722/mo for $1mil. I took the the $279/mo. It did take my broker 3 months to get it done though. Luckily she was a friend because she said there was no way she would have gone through this shit for any one else.

I was an insurance agent for about a year. It sucked balls. Skydiving/BASE was on the list of things to charge additional fees for and possibly decline the application. My advice is if your buddy goes in NEVER remove his gear because then it looks like suicide and a lot of policies don't cover that. Besides,

Not exactly what you're asking about, but I thought it'd be worth mentioning that while I've had no luck with life insurance, it turns out that many mortgage insurance policies done through large banks have almost no exclusions. On the last two places I've owned, I've done things that way.

Now, my understanding is that mortgage insurance is generally a terrible idea (because you keep paying into something that'll eventually be worth nothing), but for the next 10 years at least it'll do exactly what I need it to do -- make sure that my wife has some breathing room to put things in order if things ever go really badly.

This was about a year ago, I posted it on the UK board.
While this was specifically for the UK they might run a similar scheme for you Septics.




Today I got a phone call from American Express offering me life insurance.
Wasn't really interested because I thought it would exclude a couple of things that is likely to get me if the bus misses.

Anyway long story short I specifically asked about BASE more as an excuse to get rid of them than as a serious enquiry.
They assure me I would be covered for BASE (yes even non legal, trespass on a building at 4am in the middle of London BASE jump) up to £150K if I die in the UK and this cover doubles if I go in abroad.
It is a 10 year policy costing £22.57 per month (total payable £2708.40) giving you a 55-1 shot on going in or 110-1 shot of going in abroad.

They offer cover from £50K but it's max is £150K.
Not a huge amount, but it can be put in trust to avoid inheritance tax and might just cover the bar bill at your wake (depending on how many friends you got).

Only conditions are no pre existing illness/conditions in the last 5 years and you are a UK resident who has an amex card.

I have a question About Life insurance in General that maybe someone can answer.

In my particular situation, I don't have a lot of Debt (By Most standards at least). i have a Truck payment, a student loan and some credit cards. I don't have a Mortgage or anything like that.

I have one Child who is not a Dependent nor do i have any legal Custody.

So in the Event of Premature Death... Who is responsible for my Debt?

just guessing
your estate would be responsible for your secured debt
any creditors with unsecured debt won't get anything

- JUST GUESSING

most importantly - if you are DEAD - WHO CARES ABOUT YOUR DEBT ???

Jason and PF are right. If you had the insurance first and were a non jumper then you started jumping your covered they cannot deny you. The other issue is if you get insurance and you lie and say no I dont skydive yet you die in a car accident they can deny your claim if they find out you lied. I know this because it happened to someone I know. The guy said he was not a smoker. Died of something totally unrelated car accident his policy was a million dollar policy. They found photos of him smoking a cigar at a friends bachelor party. They denied the full claim and only gave his widow $250k. I quit jumping because of this. However, my policy will pay for suicide once I have had the policy 2 years. So if you decide to jump and go in make sure you leave a note and your buddies cut your gear off. They did not even ask if I owned a motorcycle. Which is death on a stick. So I can get 2 mil worth of insurance buy a motorcycle that will do 260 wrap myself around a poll and my family is good to go. Insane. But they do as the actuaries tell them.

my sister killed herself in college. she had student loans in her own name, no cosigner. they kept sending bills for a while, even after they were provided with a death cert, which was pretty fuckin obnoxious, but she had no estate, so her debt died with her.

Sorry to hear that.

I did a little more reading up on the topic of who is responsible for the debt of the deceased particularly if there is no estate.

If anyone is interested here's a link.
http://wills.about.com/.../a/deceaseddebts.htm

Seems to me that due to it being so difficult to get life insurance that covers these activities we love so much that it would be wise, at least in my situation, to put money into an account created in another persons name solely to cover the costs of a funneral and related expenses in the event of death.

it is fairly common for elderly persons, toward the end of their lives, to begin slowly transferring assets to their children. apparently, if it is done within a certain period prior to death, it is considered inheritance, and subject to the same rules as an estate. but if done slowly over a period of several years, nobody can touch it, even if you die with a ton of debt.