Best life insurance for people with high-risk hobbies in 2021

Participating in risky sports and activities is adrenaline-inducing, but it can also make buying life insurance a headache. That’s because there’s a higher chance the insurance company will have to pay out the claim sooner.

Since insurance companies classify you as high-risk, you’ll probably be limited to a term policy. But not all insurance companies are completely risk-averse.

When analyzing the best life insurance companies, we assess the insurer’s reputation in the industry, as well as its product lineup, rider selection and underwriting standards. To determine industry reputation, our editorial team researches the company’s financial strength, accreditations and ratings, and reads customer reviews.

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Best for extreme sports and high-risk activities: Mutual of Omaha

Finder Rating: 3.5 / 5

★★★★★

This brand isn’t available on Finder right now. Get quotes from similar companies Read review

$2,000 – $500,000+
Coverage range

18 – 68 years
Issue age

10, 15, 20, 30 years
Term lengths

• Info
• Features
• Details

Mutual of Omaha stands out for offering competitive rates for those who count high-risk activities and sports among their hobbies. Its lineup includes a range of term and permanent policies, including a guaranteed issue whole life policy for low coverage amounts. You can also customize your coverage with a long list of riders ,such as an accidental death benefit.

• Affordable rates for those classified as high risk and people involved in extreme sports.
• Choose from riders such as an accidental death benefit, disability premium waivers and waiver of premium.
• Sells four universal life policies with various cash-value growth options.

Coverage range	$2,000 – $500,000+
Term lengths	10, 15, 20, 30 years
Issue age	18 – 68 years

Best company for giving back: Foresters Financial

Finder Rating: 4 / 5

★★★★★

This brand isn’t available on Finder right now. Get quotes from similar companies Read review

$10,000 – $500,000+
Coverage range

18 – 85 years
Issue age

10, 15, 20, 25 or 30 years
Term lengths

• Info
• Features
• Details

Foresters Financial offers standard term policy options, and contributes an additional 1% of your death benefit to the charity of your choice if you die while the policy is in force. It also offers various member benefits, such as emergency grants, terminal illness loans and discounts on legal and financial services. Plus, it's more accepting of high-risk hobbies than most other life insurance companies, meaning you can get coverage while knowing your money might go to a good cause.

• Unique member benefits and charity donation in the event of a claim.
• Pairs you with a local agent for personalized service.
• Its relaxed underwriting guidelines allow for high-risk activities and sports.

Coverage range	$10,000 – $500,000+
Term lengths	10, 15, 20, 25 or 30 years
Issue age	18 – 85 years

Best for adrenaline junkies: Principal

Finder Rating: 4.5 / 5

★★★★★

This brand isn’t available on Finder right now. Get quotes from similar companies Read review

$200,000 – $5,000,000
Coverage range

20 – 70 years
Issue age

10, 15, 20, 30 years
Term lengths

• Info
• Features
• Details

If you're looking for a competitive rate but still participate in hazardous sports, Principal offers an exclusion option. This policy excludes extreme sports and aviation, meaning it won't pay your beneficiaries in the case of an accident.

• Hazardous sports and aviation exclusion lets you have a policy without being penalized on rates.
• Quick approval process of 15 days or less for nearly all applicants.
• User friendly online portal lets you pay online and view your policy.

Coverage range	$200,000 – $5,000,000
Term lengths	10, 15, 20, 30 years
Issue age	20 – 70 years

Best for existing health issues: Legal & General

Finder Rating: 4 / 5

★★★★★

This brand isn’t available on Finder right now. Get quotes from similar companies Read review

$100,000 – $10,000,000
Coverage range

20 – 75 years
Issue age

10, 15, 20, 25, 30, 35, 40 years
Term lengths

• Info
• Features
• Details

If high-risk activities are on your agenda and you have a health condition, Legal & General might be the perfect fit. Formerly known as Banner Life, the insurer offers various term policies. Thanks to its lenient underwriting, it opens up life insurance for applicants who might not otherwise be able to get coverage, like risk-takers, seniors and those with preexisting health conditions.

• Term policies can be converted up to age 70, giving you plenty of time to convert to a universal policy or buy a new policy.
• Offers the most popular term insurance riders, such as children's term and disability.
• Strong financial stability and fast claims service.

Coverage range	$100,000 – $10,000,000
Term lengths	10, 15, 20, 25, 30, 35, 40 years
Issue age	20 – 75 years

Best overall life insurance company: Prudential

Finder Rating: 3 / 5

★★★★★

This brand isn’t available on Finder right now. Get quotes from similar companies Read review

$100,000 – $10,000,000
Coverage range

18 – 75 years
Issue age

10, 15, 20, 30 years
Term lengths

• Info
• Features
• Details

The insurance giant has a wide variety of rating classifications, which means it is often more lenient than other large life insurance companies when it comes to high-risk activities. Its relaxed ratings aside, Prudential is financially strong and has a varied lineup of policies to choose from.

• Offers a term policy that covers you until age 65.
• Purchase term policies with either a return of premium option or as a yearly renewable policy.
• Flexible classifications open up access to policyholders that participate in high-risk activities.

Coverage range	$100,000 – $10,000,000
Term lengths	10, 15, 20, 30 years
Issue age	18 – 75 years

Life insurance companies with the best financial strength

The financial strength of an insurance company points to its ability to pay out claims quickly. Plus, financially strong mutual companies pay out dividends to permanent life policyholders, and you can then collect the cash or use the money to pay your premiums or upgrade your coverage.

Bottom line

If you play high-risk sports and take part in hazardous activities, you can still qualify for affordable life insurance. You can either choose to be excluded from coverage while you’re participating in your high-risk hobby, or buy a regular, pricier policy for full coverage.

Before making this important decision, see Finder’s list of the overall best life insurance companies.

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Name	Product	Issue age	Minimum Coverage	Maximum Coverage	Term Lengths	Medical Exam Required
Policygenius		18 - 85 years old	$50,000	$10,000,000	10, 15, 20, 25, 30 years	Depends on provider and policy	Compare 12+ top insurers side-by-side to get the best possible deal, and shop return of premium policies online.	Go to site More Info	Compare	loading Fetching your data...
Bestow		18 - 60 years old	$50,000	$1,500,000	10, 15, 20, 25, 30 years	No	Get a quote in less than 10 minutes with on-the-spot approval and no medical exam.	Go to site More Info	Compare	loading Fetching your data...
Everyday Life		20 - 75 years old	$100,000	$10,000,000	10, 15, 20, 25, 30, 35 and 40 years.	No	Ladder multiple life insurance policies to save on the coverage you need for all your debts.	Go to site More Info	Compare	loading Fetching your data...
Ladder		20 - 60 years old	$100,000	$8,000,000	10, 15, 20, 25 or 30 years	No, for coverage up to $3M	Apply for term life insurance online without the medical exam. Get an instant decision and adjust your coverage at no charge.	Go to site More Info	Compare	loading Fetching your data...
Sproutt		18 - 60 years old	$50,000	$4,000,000	5, 10, 15, 20, 25 and 30 years	No	Compare 40+ insurers and apply online to get the lowest possible price — no medical exam required.	Go to site More Info	Compare	loading Fetching your data...
JRC Life Insurance		18 - 85 years old	$5,000	$50,000,000	10, 15, 20, 25, 30, 35, 40 years to lifetime/age 121	May be required	Compare policies up to $10 million from 45+ top insurance companies with the click of a button.	Go to site More Info	Compare	loading Fetching your data...
Nationwide life insurance		18 - 80 years old	$25,000	$10,000,000	10, 15, 20 and 30 years	Yes	Get term, whole, universal or no-exam life insurance with up to $1 million in coverage.	Go to site More Info	Compare	loading Fetching your data...
Haven Life		20 - 64 years old	$250,000	$3,000,000	10, 15, 20, 25 or 30 years available to those aged 20 - 49 years old. 10, 15, or 20 years available to those aged 50 - 64 years old.	No exams for some applicants	Fill out a quick online application and get approval in minutes with up to $3 million in coverage.	Go to site More Info	Compare	loading Fetching your data...
Fidelity		20 - 85 years old	$25,000	$1,000,000	10, 20, or 30 years	Depends on policy	Purchase term, whole and accidental death coverage online without the exam, with rates starting at a low $10 a month.	Go to site More Info	Compare	loading Fetching your data...
Quotacy		18 - 80 years old	$50,000	$65,000,000	10, 15, 20, 30 and 40 years	Depends on provider and policy	Score the lowest rate on life insurance by comparing no obligation quotes from 14+ companies online. No contact info, no spamming.	Go to site More Info	Compare	loading Fetching your data...
Dayforward Life Insurance		18 - 67 years old	$12,000	$500,000	10, 27 years	No exams for some applicants	Dayforward allows you to protect your family with life insurance that protects your income.	Go to site	Compare	loading Fetching your data...
Fabric		21 - 60 years old	$100,000	$5,000,000	10, 15, or 20 years	Depends on policy	No-exam term policies up to $1 million online, with the option to upgrade to permanent life insurance later.	Go to site More Info	Compare	loading Fetching your data...

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