Best life insurance for scuba divers: Expert-reviewed in 2023

A 35-year-old professional diver can expect to pay about $62 per month for a $1 million policy. Our pick for the best life insurance company for divers is Prudential.

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By

Tory CrowleyAssociate Editor & Licensed Life Insurance AgentTory Crowley is an associate editor and a former licensed insurance agent at Policygenius. Previously, she worked directly with clients at Policygenius, advising nearly 3,000 of them on life insurance options. She has also worked at the Daily News and various nonprofit organizations.&Katherine MurbachEditor & Licensed Life Insurance AgentKatherine Murbach is an editor and a former licensed life insurance agent at Policygenius. Previously, she wrote about life and disability insurance for 1752 Financial, and advised over 1,500 clients on their life insurance policies as a sales associate.

Edited by

Antonio Ruiz-CamachoAntonio Ruiz-CamachoAssociate Content DirectorAntonio helps lead our life insurance and disability insurance editorial team at Policygenius. Previously, he was a senior director of content at Bankrate and CreditCards.com, as well as a principal writer covering personal finance at CNET.
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Reviewed by

Maria FilindrasMaria FilindrasFinancial AdvisorMaria Filindras is a financial advisor, a licensed Life & Health insurance agent in California, and a member of the Financial Review Council at Policygenius.

Updated|9 min read

Expert reviewedExpert reviewedThis article has been reviewed by a member of ourFinancial Review Council to ensure all sources, statistics, and claims meet the highest standard for accurate and unbiased advice.Learn more about oureditorial review process.

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Why divers need life insurance

Diving is considered a hazardous activity by most insurance companies, so if you dive professionally, your overall risk will increase in the eyes of the insurer. 

If you scuba dive recreationally on vacation — meaning you dive less than 10 times per year and less than 100 feet in depth — there won’t be any impact on your life insurance rates unless you have other health considerations that might put you at greater risk when diving.

However, rescue or salvage divers may have to pay an extra fee on top of their life insurance premiums. Insurers assess your risk as a scuba diver based on how often you scuba dive, where you scuba dive, and the types of dives you perform.

On the other hand, professional Divers have multiple reasons to consider life insurance. If you die, your family could suffer financially. But getting a life insurance policy can help you protect your income and anyone who depends on you.

  • Replacing income. Divers often contribute to the stability of their households through their income. If you die, life insurance can help replace your salary, easing or eliminating the financial burden on your family. 

  • Covering debt. Many working professionals carry debt, whether through student loans, a mortgage, car loans, or other personal loans. Life insurance can help your beneficiaries pay back any debts you have if you pass away. 

  • Employer insurance coverage. If you work full-time, your employer may offer some life insurance as part of your benefits package — but the coverage is typically only one to two times your annual salary. A private policy can supplement any group coverage you have and provide your loved ones with the financial safety net they need. 

If you work as an independent contractor, it’s unlikely that you’d have any life insurance coverage through work, and you should consider getting an independent life insurance policy.

There are special considerations that insurance companies give to professional divers while evaluating their overall risk. Here's how all the top life insurance companies determine scuba diving risk:

Company

Best possible classification

Depth allowance (in feet)

Banner Life

Preferred Plus

100

Brighthouse

Preferred Plus

100

Corebridge Financial

Preferred Plus

100

Lincoln

Preferred Plus

100

Mutual of Omaha

Preferred

100

Pacific Life

Preferred Plus

100

Protective

Standard

75

Prudential

Preferred Plus

100

Symetra

n/a

n/a

Transamerica

Preferred Plus

75

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N/A indicates that applicants are unlikely to qualify for a Preferred classification with this insurer. Methodology: Based on underwriting data provided by Policygenius partner insurers as of June 2023.

Additionally, your occupation may impact how much life insurance you need and how long your coverage should last

Working with a licensed agent through Policygenius is the best way to determine the amount of life insurance coverage that you need and get connected to the insurer that will be best for you. At Policygenius, our experts are licensed in all 50 states and can walk you through the entire life insurance buying process while offering transparent and unbiased advice. 

→ Learn more about how your job affects your life insurance rates

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Best life insurance companies for divers

There are a lot of factors to consider when choosing which life insurance company to apply with, including price, how easy it is to apply, how long the underwriting process is, and the maximum coverage you can apply for.

We used industry data, pricing from Policygenius carrier partners, and third-party ratings like A.M. Best and J.D. Power to pick the best insurers on the market. Our independent recommendations will help you get life insurance coverage with confidence.

A licensed agent at Policygenius can help you with these considerations and find the best insurer for you. 

Methodology: How we chose the best life insurance companies for divers of 2023

We don’t get paid for our company reviews and use an extensive rubric of criteria covering policy details, price, financial confidence, third-party ratings, and customer experience to assign unbiased ratings out of five stars. Any recommendations we make are based on internal and external expert opinions and data from our Policygenius Price Index, which uses real-time rate data from leading life insurance companies to determine pricing trends.

Our ratings and reviews can help point you to an insurer you can rely on for your family’s financial protection, but the best life insurance company for you is dependent on multiple factors. A licensed agent at Policygenius can work with you through the application process so you’re getting coverage from the best insurer for your circumstances at the most competitive price.

→ Read more about our reviews methodology here

Best term life insurance for divers

award icon

2023 Policygenius award winner

Prudential

Prudential logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starEmpty gray star

4.1

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

All 50 states

No-medical-exam option

Why we chose itchevron icon

With nearly four million policyholders and 150 years to its name, Prudential offers competitive coverage options for seniors, as well as people with some of the most common medical conditions, including asthma, depression, and fibromyalgia.

Pros and conschevron icon

Pros

  • Good for people over 60

  • More flexible income requirements than some other insurers

  • Considers applicants with a variety of immigration statuses (visas and green cards)

Cons

  • Younger applicants will likely find better prices elsewhere

Prudential offers some of the most relaxed guidelines when it comes to diving professionally. Some companies will not offer term life insurance coverage to professional divers at all.

Prudential will ask questions about how often you dive and how deep. In most cases, it'll be able to make you an offer and its rates will be better than if you apply with another company. 

Best whole life insurance for divers

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2023 Policygenius award winner

MassMutual

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.9

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

All 50 states

Why we chose itchevron icon

MassMutual’s whole life insurance plan provides a lifetime coverage option that builds cash value with the potential to earn dividends.

Pros and conschevron icon

Pros

  • Strong financial stability ratings

  • Higher potential for dividends for whole life policyholders than many competitors

  • Good customer satisfaction ratings

Cons

  • High term life premiums

  • Term life not available through Policygenius

MassMutual’s whole life insurance policies offer lower premiums and higher dividends than other insurers. The company also maintains consistently high scores for financial stability and customer satisfaction.

Most affordable life insurance for divers

Prudential

Why we chose it

Prudential offers some of the best rates for divers on the market. In most cases, the company will allow you to apply without taking the medical exam. If you have one to two well-managed health issues, Prudential will try to waive the health exam, which is required for most life insurance applications. 

Best final expense life insurance for divers

Mutual of Omaha

Mutual of Omaha logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

No-medical-exam option

Why we chose itchevron icon

Mutual of Omaha is a reputable company that offers a variety of life insurance products — including a no-medical-exam option — so that you can select the type of life insurance that best suits your needs.

Pros and conschevron icon

Pros

  • No-medical-exam options for older applicants

  • Strong financial and customer ratings

Cons

  • Policies are more expensive than average

  • Slow turnaround time

Mutual of Omaha offers the most competitive rates when it comes to final expense insurance. For most people, approval is guaranteed and coverage lasts for life. 

Life insurance for professional divers

Professional diving will almost always affect the insurance coverage you’re eligible for because diving increases your overall mortality in the eyes of the insurer — you’re riskier to insure. Diving could affect your offer in three ways: an increased premium, a flat extra fee, or a denial of coverage.

  • Increased premiums. When you apply for life insurance, you’ll provide information about your health and lifestyle. If you dive — especially if you dive more than 100 feet deep or more than 10 times per year — the insurance company will give you a lower health classification

  • Flat extra. You could also be offered a flat extra fee by the insurance company. A flat extra is an added fee to whatever risk classification you’re approved at. A flat extra fee could be $2 to $5 additional premium for every $1,000 of coverage you have. (That’s an extra $5,000 a year on a $1 million life insurance policy.)

  • Denial of coverage. If your diving activities are too frequent, deep, or dangerous, the insurance company may not be willing to offer you term life insurance coverage. In cases like this, final expense insurance could be a good option for you, especially if you need help covering end-of-life costs. 

Hazardous sports exclusion rider for scuba divers

If you’re subject to a flat extra due to your scuba diving activity, you can avoid the costly fee by adding a hazardous sports exclusion rider to your policy. This policy add-on isn’t commonly available across life insurance companies — it’s usually added onto travel insurance or travel medical plans — and only a select few insurers offer it. Working with an insurer that offers this rider may seem like a no-brainer, but it may not always be your best option. The rider itself costs money, and the insurer may not necessarily offer you the most competitive coverage for your profile. Skirting a flat extra fee with an exclusion rider also means your beneficiaries will not receive the death benefit payment if you die while diving. Talk to your licensed agent or broker about your policy options as a technical scuba diver.

Best types of life insurance for divers

Two of the most common types of life insurance are term life insurance and permanent life insurance. For most working professionals, including divers, term life insurance will be the best option to cover your financial obligations. 

If term life isn’t a good fit for you, whole life and final expense life insurance are two types of permanent life insurance you should consider. 

Term life insurance

Term life insurance is almost always the most affordable type of insurance available, and the most practical type of insurance for protecting your income. The policy only lasts for a set term and comes with few rules and tax restrictions. 

Term life is also the best option for most people looking to provide their family with a financial safety net to cover any debts. This includes a mortgage or any other types of personal loans your family will be left with if you die. 

Most people get term life insurance long enough to cover them through retirement age. This will ensure that your beneficiaries will receive the financial support they need if your income is lost. 

Whole life insurance

Aside from replacing your income, you may also have long-term financial obligations or coverage needs, like dependents who require lifelong care. In that case, whole life insurance might be a good fit.

Whole life never expires and comes with a cash value that earns interest in addition to the death benefit payout — but it’s also five to 15 times more expensive than term. Talk with a licensed agent or financial advisor to decide if whole life insurance works for you.

Final expense life insurance

If you’re not eligible for standard coverage but need help to cover your end-of-life costs, like a funeral, final expense life insurance will be your best option.

Final expense is a type of permanent insurance that usually offers death benefit amounts between $10,000 and $40,000. You need to be at least 45 years old to apply for final expense insurance.

Permanent life insurance policies like whole life or final expense insurance are appealing because they last for the rest of your life. However, on average, permanent life insurance policies cost about five to 15 times more than a term life insurance policy with the same face value would. 

How much does life insurance cost for divers?

A 35-year-old diver with one or two minor, well-managed health conditions can expect to pay about $62 per month for a 20-term life policy with a $1 million death benefit payout. 

The premiums you pay ultimately depend on several factors, including your gender, age, and health. If you have limited or well-maintained health issues, you’ll likely be able to get the coverage you need at an affordable rate.

Only technical scuba divers should expect to pay more for life insurance, with some exceptions for other underlying health conditions. The additional cost will either be higher than normal premiums or will be tacked on as a flat extra fee, which is a fixed fee that is added onto the premium.

For example, you may be charged a flat extra of $2.50 for every $1,000 in coverage you buy. In this example, if you purchase a $500,000 policy, you will pay $1,250 annually on top of your premiums. 

Factors such as certifications, how frequently you go scuba diving, and how deep you dive have the most impact on the health classification you receive.

It’s recommended that you get about 10 to 12 times your annual income in coverage and a term that will take you through retirement age. 

Term life insurance rates for divers

The rates below offer an estimate for what a diver can expect to pay for a 20-year term life insurance policy with a $1 million death benefit payout. 

Age

Gender

$1 million coverage amount

20

Female

$45.72

Male

$57.37

30

Female

$48.58

Male

$58.89

40

Female

$78.22

Male

$98.32

50

Female

$173.25

Male

$237.14

60

Female

$456.84

Male

$644.08

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Methodology: Average monthly estimated rates are calculated for male and female non-smokers in the Standard Plus health classification, obtaining a 20-year $1,000,000 term life insurance policy. Life insurance rates are based on policies offered by Policygenius from Prudential, and may vary by insurer, term, coverage amount, health class, and state. Not all policies are available in all states. Rate illustration valid as of 07/01/2023.

Whole life insurance rates for divers

The following is an estimate for what a diver can expect to pay for a whole life insurance policy with a $1 million death benefit payout.

Age

Gender

$1 million coverage amount

20

Female

$545

Male

$639

30

Female

$801

Male

$920

40

Female

$1,161

Male

$1,372

50

Female

$1,826

Male

$2,117

60

Female

$3,065

Male

$3,556

70

Female

$5,580

Male

$6,198

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Methodology: Average monthly estimated rates are calculated for male and female insureds obtaining a whole life insurance policy of $1,000,000 from MassMutual. Life insurance rates are based on policies offered by Policygenius and may vary by insurer, term, coverage amount, health class, and state. Not all policies are available in all states. Rate illustration valid as of 07/01/2023.

Final expense life insurance rates for divers

The following is an estimate for what a diver can expect to pay for a $25,000 final expense life insurance policy.

Age

Gender

$25,000 coverage amount

50

Female

$74.47

Male

$98.96

60

Female

$105.21

Male

$140.69

70

Female

$158.19

Male

$215.16

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Methodology: Average monthly estimated rates are calculated for male and female insureds obtaining a final expense life insurance policy of $25,000 from Mutual of Omaha. Life insurance rates are based on policies offered by Policygenius and may vary by insurer, term, coverage amount, health class, and state. Not all policies are available in all states. Rate illustration valid as of 07/01/2023.

→ Learn more about life insurance rates

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When should divers purchase life insurance?

If you’re a diver, you should get life insurance as soon as possible. The younger you are when you apply, the cheaper your life insurance rates will be. Later on, if you need more coverage, you can always ladder a supplemental policy. 

The total amount of coverage you’re able to apply for is usually based on your income. You should aim to get coverage that is equal to about 10 to 12 times your current annual income. 

A licensed agent can help you determine how much coverage you need and make sure you’re getting a policy that will protect your family financially within the means of your current budget.

→ Learn more about the life insurance ladder strategy

Benefits of life insurance for divers

The main benefit of life insurance is to protect your income. Income protection is key for anyone who has dependents or makes a significant financial contribution to their household, like many divers do. 

Getting the right amount of life insurance will allow your family to replace your income, make sure your debts are paid off, and receive the financial support they will need even if you die unexpectedly.

How insurance companies underwrite scuba divers

If you scuba dive either recreationally or professionally, insurance companies will ask you a range of questions to determine your life insurance rates. You will be asked to disclose: 

  • What type of scuba diving do you do? Recreational divers will get better rates than professional divers.

  • Where do you scuba dive? Open water scuba diving is viewed more favorably than other types of diving, such as wreck, cave, or ice diving. 

  • How many times do you scuba dive annually? Insurers use this information to determine if you scuba dive recreationally or habitually. Most will offer higher premiums if you go 10 or more times a year, though this varies with each insurer.

  • Are you scuba certified? There are three scuba certification options: Professional Association of Diving Instructors (PADI), National Association of Underwater Instructors (NAUI), or Scuba Schools International (SSI).

  • How deep do you dive? Many insurers will charge a flat extra if you go to depths beyond 100 feet, though some have more flexible dive limits. 

  • Do you dive alone? Diving alone is riskier to insurers than diving with a partner.

  • Do you dive for pay? This won’t necessarily increase your rates, but there will be follow-up questions to determine how dangerous your work is. 

You should be completely honest about all of these details during the life insurance application process to avoid life insurance fraud.

Life insurance considerations for divers

Life insurance isn’t one size fits all, and getting the most competitive rates requires finding an insurer that is specialized toward your needs. You can get the best life insurance rates for your profile by working with a life insurance broker like Policygenius.

Policygenius’ independent agents compare quotes from multiple insurers to find you the best coverage and premiums for your medical profile and lifestyle choices.

Being a diver may limit your options for life insurance coverage or increase your rates. There are also some additional related activities that could affect your options. 

If you travel for work to some countries outside of the U.S., your eligibility for life insurance could be impacted. 

Insurance companies will also ask you how often you dive, how deep your dives are, if you dive alone, and if you do any specialty diving, like nighttime, cave, or wreck diving. Depending on how you answer these questions, it could affect your ability to get a competitive rate. 

When you apply, be thorough with the agent you’re working with to make sure they consider any unique elements of your job so they can make sure you’re applying with the right company.

Life insurance for other occupations

Frequently asked questions

Should divers get life insurance?

For most professional divers, life insurance is crucial to their financial planning. If you earn an income, have large debts or any dependents, you should get life insurance. Term life insurance is the best option for most working people. 

Do divers have life insurance?

If you’re an independent contractor, you probably won’t have the option to get life insurance coverage through your work. However, most employers offer a small amount of life insurance coverage to full-time employees as part of a standard benefits package.

However, it’s usually a much lower amount than what financial advisors recommend, it’s not a guaranteed benefit, and you lose coverage when you leave that employer. 

How much life insurance should a professional diver get?

If you dive professionally, you should get a life insurance policy equal to about 10 to 12 times your annual income. 

Authors

Tory Crowley is an associate editor and a former licensed insurance agent at Policygenius. Previously, she worked directly with clients at Policygenius, advising nearly 3,000 of them on life insurance options. She has also worked at the Daily News and various nonprofit organizations.

Katherine Murbach is an editor and a former licensed life insurance agent at Policygenius. Previously, she wrote about life and disability insurance for 1752 Financial, and advised over 1,500 clients on their life insurance policies as a sales associate.

Editor

Antonio helps lead our life insurance and disability insurance editorial team at Policygenius. Previously, he was a senior director of content at Bankrate and CreditCards.com, as well as a principal writer covering personal finance at CNET.

Expert reviewer

Maria Filindras is a financial advisor, a licensed Life & Health insurance agent in California, and a member of the Financial Review Council at Policygenius.

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