I have a whole life policy and I supplement it with a term life insurance policy. I'm in the process of renewing the term life policy and the insurance company sent me a questionnaire. There were questions about climbing. I answered honestly. I'm a peak-bagger and sometimes I don the harness, tie-in and do some technical climbing, glacier travel, etc. Just basic Mountaineering. No international travel to extreme high altitudes and no big wall climbing. And, I only engage in any of this "climbing" maybe once a month.
As a part of the process of applying for renewal of my term life policy the insurance company sent a Nurse Practitioner to my house to do physical exam, assessment, and medical history.
So after a few weeks and a few follow-up questions, my agent tells me that my premium will go from 100/mo to 700/mo. My health is excellent but the drastic hike in the premium is due to the high risk associated with "climbing".
So I'm thinking of asking them to provide coverage with my express consent to exclude coverage for climbing related accidents so at least my family would get benefits if I succumb to the more real risks like getting killed while commuting the 30,000 annual miles that I log in behind the wheel. If I can do this I'd also look into buy specific coverage on a trip by trip basis when I plan to venture up a technical peak.
Anyone have a similar experience with life insurance? Does anyone know about buying trip specific life insurance?