Quote: (Originally Posted by
divetheworld)
Previously as part of a perk from an employer, I had a term-life insurance policy that cost very little even after full disclosure of the type of diving I do.
most company insurnace plans are set up to allow cover for employees irrespective of medical conditions / medical history / dangerous pursuits etc.
only when you get to a certain level of salary, will the insurance company need to investigate (underwrite) your personal circumstances.
this is on the assumption that with a large group of employees - there will be a wide spread of risk
with an individual insurance contract - the insurance company is investigating every request for insurance (on the basis, that only those who are a high risk and particularly need insurance, will come to them).
unfortuantely, the more "technical" the diver - the more chance of dying (in mathematical terms) and so there is a limited market to provide cover and where it is provided, the premiums will be high - having seen some of the figures above, I'm surprised (some of these look RELATIVELY low)
vid