Life insurance - UK

divetheworld · 22nd September 2006, 09:04

Chaps (and Chapesses),

Has anyone, especially UK based divers, found a reasonably priced source of life insurance for technical diving?
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. Now without this little gem of a perk I am finding it difficult to get such insurance without needing a second mortgage!!!
Do all insurance companies employ Dick Turpin or is there one I have missed?

Ta.

Brent

**RichClark** · 22nd September 2006, 09:31

Quote: (Originally Posted by divetheworld)

Chaps (and Chapesses),

Has anyone, especially UK based divers, found a reasonably priced source of life insurance for technical diving?
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. Now without this little gem of a perk I am finding it difficult to get such insurance without needing a second mortgage!!!
Do all insurance companies employ Dick Turpin or is there one I have missed?

Ta.

Brent

I recently got a quote from Legal and General - it started out around £30 a month and then went up to £140 when I told them about the sort of diving I do. Obviously I laughed when they wrote to me asking if I'd accept the new terms.

I'm in the process of getting a quote from direct line, they seem to be much less interested.

I'll let you know what the final quote when it comes in.

Cheers

divetheworld · 22nd September 2006, 09:34

HSBC are quoting me £40 a month with partial disclosure, <75m, mixed gas etc. No experimental equipment, no cave, no solo etc.

Others are as high as £80 pm.

**RichClark** · 22nd September 2006, 09:36

Quote: (Originally Posted by divetheworld)

HSBC are quoting me £40 a month with partial disclosure, <75m, mixed gas etc. No experimental equipment, no cave, no solo etc.

Others are as high as £80 pm.

I'm trying to find one thats reasonable, and that states within certification/training level.

vid · 22nd September 2006, 09:36

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

louisrankin · 22nd September 2006, 10:08

I thought you could not get life insurance if your rebreather was not CE marked or your insurance would be invalid.

**RichClark** · 22nd September 2006, 10:23

Quote: (Originally Posted by louisrankin)

I tought you could not get life insurance if your rebreather was not CE marked or your insurance would be invalid.

I haven't been asked which rebreather I dive, only Depth, mixed gas use, CCR/OC as well as the reason (i.e. wreck, cave...)

divetheworld · 22nd September 2006, 11:56

Quote: (Originally Posted by louisrankin)

I thought you could not get life insurance if your rebreather was not CE marked or your insurance would be invalid.

HSBC asked about experimental diving equipment. I guess thats where non-CE kit would fall into. Natually I didnt tick that box.

**PhilSiswick** · 22nd September 2006, 12:09

Quote: (Originally Posted by divetheworld)

HSBC are quoting me £40 a month with partial disclosure, <75m, mixed gas etc. No experimental equipment, no cave, no solo etc.

Others are as high as £80 pm.

Just to allow baselining - how much is the benefit from the policy?

Cheers,

**RichClark** · 22nd September 2006, 12:19

Quote: (Originally Posted by PhilSiswick)

Just to allow baselining - how much is the benefit from the policy?

Cheers,

Mine was for £210K linked to my mortgage.

22nd September 2006, 09:04	#1 (permalink)
divetheworld Dive porn pimp Current Rebreather/s: Inspiration Classic Other CCR Other Rebreather/s: Not Bought Yet Inspiration Classic Inspiration Vision Classic Kiss Other CCR Join Date: Mar 2005 Location: Leeds, England Posts: 1,537	Life insurance - UK Chaps (and Chapesses), Has anyone, especially UK based divers, found a reasonably priced source of life insurance for technical diving? 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. Now without this little gem of a perk I am finding it difficult to get such insurance without needing a second mortgage!!! Do all insurance companies employ Dick Turpin or is there one I have missed? Ta. Brent __________________ Self praise is no reccomendation. Dont try to be a great man, just be a man and let history be the judge of you. CHECK OUT OUR INTERWEBS FOR CUSTOM REBREATHER UPGRADES *WWW.NARKEDAT90.CO.UK* *http://www.grpservices.com/pursuit/* Supporting Shearwater Research Products in Europe
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22nd September 2006, 09:31	#2 (permalink)
RichClark Classic KISS No. 226 Current Rebreather/s: Classic Kiss Other Rebreather/s: Join Date: Mar 2005 Location: Hove, UK Posts: 766	Re: Life insurance - UK Quote: (Originally Posted by divetheworld) Chaps (and Chapesses), Has anyone, especially UK based divers, found a reasonably priced source of life insurance for technical diving? 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. Now without this little gem of a perk I am finding it difficult to get such insurance without needing a second mortgage!!! Do all insurance companies employ Dick Turpin or is there one I have missed? Ta. Brent I recently got a quote from Legal and General - it started out around £30 a month and then went up to £140 when I told them about the sort of diving I do. Obviously I laughed when they wrote to me asking if I'd accept the new terms. I'm in the process of getting a quote from direct line, they seem to be much less interested. I'll let you know what the final quote when it comes in. Cheers __________________ The more I learn about women, the more I want to go diving... just don't tell my wife I said that To taste something a little different, try http://www.thechillikitchen.co.uk
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22nd September 2006, 09:34	#3 (permalink)
divetheworld Dive porn pimp Current Rebreather/s: Inspiration Classic Other CCR Other Rebreather/s: Not Bought Yet Inspiration Classic Inspiration Vision Classic Kiss Other CCR Join Date: Mar 2005 Location: Leeds, England Posts: 1,537	Re: Life insurance - UK HSBC are quoting me £40 a month with partial disclosure, <75m, mixed gas etc. No experimental equipment, no cave, no solo etc. Others are as high as £80 pm. __________________ Self praise is no reccomendation. Dont try to be a great man, just be a man and let history be the judge of you. CHECK OUT OUR INTERWEBS FOR CUSTOM REBREATHER UPGRADES *WWW.NARKEDAT90.CO.UK* *http://www.grpservices.com/pursuit/* Supporting Shearwater Research Products in Europe
(Offline)

22nd September 2006, 09:36	#4 (permalink)
RichClark Classic KISS No. 226 Current Rebreather/s: Classic Kiss Other Rebreather/s: Join Date: Mar 2005 Location: Hove, UK Posts: 766	Re: Life insurance - UK Quote: (Originally Posted by divetheworld) HSBC are quoting me £40 a month with partial disclosure, <75m, mixed gas etc. No experimental equipment, no cave, no solo etc. Others are as high as £80 pm. I'm trying to find one thats reasonable, and that states within certification/training level. __________________ The more I learn about women, the more I want to go diving... just don't tell my wife I said that To taste something a little different, try http://www.thechillikitchen.co.uk
(Offline)

22nd September 2006, 09:36	#5 (permalink)
vid New Member Current Rebreather/s: Inspiration Vision Other Rebreather/s: Sport Kiss Join Date: Jan 2006 Location: Surrey, UK Posts: 65	Re: Life insurance - UK 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 __________________ vid
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22nd September 2006, 10:08	#6 (permalink)
louisrankin Póg mo thóin Current Rebreather/s: Megalodon Other Rebreather/s: Sport Kiss Classic Kiss Join Date: May 2005 Location: Cambridge Posts: 301	Re: Life insurance - UK I thought you could not get life insurance if your rebreather was not CE marked or your insurance would be invalid. Last edited by louisrankin : 22nd September 2006 at 10:25.
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22nd September 2006, 10:23	#7 (permalink)
RichClark Classic KISS No. 226 Current Rebreather/s: Classic Kiss Other Rebreather/s: Join Date: Mar 2005 Location: Hove, UK Posts: 766	Re: Life insurance - UK Quote: (Originally Posted by louisrankin) I tought you could not get life insurance if your rebreather was not CE marked or your insurance would be invalid. I haven't been asked which rebreather I dive, only Depth, mixed gas use, CCR/OC as well as the reason (i.e. wreck, cave...) __________________ The more I learn about women, the more I want to go diving... just don't tell my wife I said that To taste something a little different, try http://www.thechillikitchen.co.uk
(Offline)

22nd September 2006, 11:56	#8 (permalink)
divetheworld Dive porn pimp Current Rebreather/s: Inspiration Classic Other CCR Other Rebreather/s: Not Bought Yet Inspiration Classic Inspiration Vision Classic Kiss Other CCR Join Date: Mar 2005 Location: Leeds, England Posts: 1,537	Re: Life insurance - UK Quote: (Originally Posted by louisrankin) I thought you could not get life insurance if your rebreather was not CE marked or your insurance would be invalid. HSBC asked about experimental diving equipment. I guess thats where non-CE kit would fall into. Natually I didnt tick that box. __________________ Self praise is no reccomendation. Dont try to be a great man, just be a man and let history be the judge of you. CHECK OUT OUR INTERWEBS FOR CUSTOM REBREATHER UPGRADES *WWW.NARKEDAT90.CO.UK* *http://www.grpservices.com/pursuit/* Supporting Shearwater Research Products in Europe
(Offline)

22nd September 2006, 12:09	#9 (permalink)
PhilSiswick WSKD 0001 Current Rebreather/s: Evolution Other Rebreather/s: Inspiration Vision Join Date: Apr 2006 Location: Oxford, UK Posts: 884	Re: Life insurance - UK Quote: (Originally Posted by divetheworld) HSBC are quoting me £40 a month with partial disclosure, <75m, mixed gas etc. No experimental equipment, no cave, no solo etc. Others are as high as £80 pm. Just to allow baselining - how much is the benefit from the policy? Cheers, __________________ Phil No comment on open circuit... it's an evolutionary dead end not really worth discussing here. Dave Sutton, 2007 I have always felt that the dive I am on is not nearly important as the dives I plan to be on the rest of my life. Tom Rose, 2007 www.hugsac.org.uk
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22nd September 2006, 12:19	#10 (permalink)
RichClark Classic KISS No. 226 Current Rebreather/s: Classic Kiss Other Rebreather/s: Join Date: Mar 2005 Location: Hove, UK Posts: 766	Re: Life insurance - UK Quote: (Originally Posted by PhilSiswick) Just to allow baselining - how much is the benefit from the policy? Cheers, Mine was for £210K linked to my mortgage. __________________ The more I learn about women, the more I want to go diving... just don't tell my wife I said that To taste something a little different, try http://www.thechillikitchen.co.uk
(Offline)

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