Depth Increases Your Cost
How deep you dive can be a huge factor in your cost as you can see above.
75 feet is the usual maximum depth that life insurance companies allow you to dive to qualify for their best rate class.
Once you go deeper than 75 feet the number of carriers who offer preferred or preferred best rates dry up. When you reach 100 feet – you’re reaching the maximum depth allowed by the remaining life insurance companies.
What about dives of 100 feet or more?
Once you get to 100 feet or more, the number of companies willing to offer you coverage at preferred rates disappears. In fact, there are only a few companies that even offer you standard rates.
Of these remaining companies that will cover dives of 100+ feet… there is typically something called a ‘flat extra’ charge added to your policy.
Flat Extra Charges
When you dive for depths of 100 or more feet, the companies will add and extra charge for every $1,000 of coverage. This is called a flat extra fee. Scuba divers should look to spend an extra $2.50 to $7.00 per $1,000 of life insurance.