Before signing a life insurance it is important to read carefully everything that includes and excludes that policy. The main objective when contracting it is to protect the family in case the insured dies or suffers a disability. And it is that there are not only exceptions to the question of whether anyone can have life insurance but, in addition, it may be that they offer you to contract it but with a premium or leaving out certain diseases, habits and circumstances.
And that in order to take out risk life insurance that covers death or disability, it is necessary for the insured to meet a series of requirements regarding his profession, age, sports or activities he practices and state of health.
Life insurance exclusions
There are circumstances of a person who may prevent you from purchasing life insurance that fully meets your needs. For example, if the person interested in the insurance has suffered a very serious illness such as cancer, there will be insurers who do not want to insure this person. The reason is the high risk of this disease recurring in a relatively short period of time.
In these cases, the consumer You can take out a policy but you will be forced to exclude certain causes from death coverage. In this way, whoever has suffered from cancer will not receive the money from his life insurance policy if his death is due to this disease.
The exclusions are made with illnesses, the practice of some sports or the performance of certain high-risk professions
1.- Profession
They cannot get standard life insurance, those people who perform a risky job. In Spain the following are considered risky professions:
- Flight personnel: pilots, flight attendants…
- State security forces and bodies: police, civil guards, military…
- Personnel handling explosives or flammable materials
- miners and divers
- Oil Rig Employees
- Firefighters
- Bullfighters and other works carried out with bullfighting
- circus performers
- cavers
- Actors at risk (for example, stuntmen)
- automotive pilots
- boxers
- cyclists
- jockeys professionals
2.- Sports
The high risk sports in Spain They are currently existing activities or disciplines but which, due to special conditions or implicit particular circumstances such as risk and difficulty in carrying them out, are considered extreme. If they are practiced regularly or form part of the insured’s profession, they are usually excluded in the policy. It talks about:
- Skydiving. Is one of the extreme sports that has a huge offer. From any city you can get on a plane and jump from 3,000 to 5,000 meters above sea level to experience the most impressive minutes of your life, with magnificent views and your heart beating vigorously. But it also involves risk.
- bungee jumping Spain is full of bridges thanks to the numerous rivers and mountains, which makes our country a perfect place for bungee jumping, an extreme practice that requires no preparation and is quite affordable for your pocket.
- Climbing. This Extreme sport requires great preparation and knowledge of the terrain to be safe. Climbing a mountain using only your hands and feet, surpassing yourself with every step, is one of the most powerful emotions, but unfortunately, also a dangerous one.
- Rafting. If what you want is to have a lot of emotion, one can face the strongest currents of the rivers, one of the high-risk sports in Spain, crossing its rapids. But you always have to go with experts.
- abseil. C.It consists of descending, with the help of a rope, down a vertical surface. Although it does not require specific training, the risks of falls involved are high.
- Skiing and Snowboarding. Extreme mountain sports that involve sliding on the snow using two boards or one board, which are attached to the boots by means of bindings. All modalities are included: alpine or downhill skiing, cross-country or Nordic skiing, freestyle or pirouettes in the air.
- Surf. For those who like sand and waves more. This extreme sport consists of riding a wave and doing turns in it while standing on a board. It can also be done incorporating a sail (Windsurf), or held by means of cables and by means of a hitch to a traction kite (Kitesurf).
- Mountain bike downhill. It consists of riding a mountain bike on steep, rough terrain that often features jumps, descents, rock gardens, and other obstacles. Downhill bikes are very heavy and strong that glide swiftly over rocks and tree roots.
- Flying wingsuit (or wingsuiting). This sporting activity that involves flying through the air using a wingsuit, which adds to the surface area of the human body to allow a significant increase in elevation.
Summarizing: extreme sports are very rewarding for some people because of the adrenaline they generate in the body, but we must not forget the high risks that these sports activities generate in human life. For this reason, it is important to always be aware of any possible damage that they may cause, advising you with professionals to ensure your life and that of your family.
3.- State of health
One of the most common requirements of insurers to take out a life policy is to pass a selection of risks where our state of health is recorded and thus avoid fraud. They are not a practice required by the Law 20/2015, of July 14, on the organization, supervision and solvency of insurance and reinsurance entities, but it is common for insurers to force clients to go through a medical examination or other much faster and, above all, less expensive alternatives. Normally this document is usually requested according to several criteria that, usually, are the age and the capital that we want to insure. In order for us to acquire the insurance, we will have to wait for the doctor’s evaluation, who will have to issue a positive report on us. All information on the subject here.
4.- Age limit
As a general rule, people between the ages of 30 and 40 are the ones who most prefer to take out a policy of this type. However, it may happen that we need life insurance at an older age. This is where problems usually arise. Most insurers have an age limit for contracting these insurances. They also set another maximum age at which people can enjoy these coverages.
The normal thing is to be able to contract life insurance up to 64 years of age, and that the coverage added to the policy is valid until 70 or 75 years of age.
It all depends on the insurer with which it is contracted, but life insurance usually covers death and our needs up to approximately 70-75 years of age. So, after this date, what happens to us and our relatives? The company in question terminates the contract and we will no longer be able to enjoy our life insurance. However, older people are increasingly asking insurers for new policies that cover their needs and those of their loved ones at a later age.
Due to this great demand, there are insurers that currently have included other types of policies that raise the age of the insured to be able to contract it. In this way, they are fully covered in case something bad happens to them. The insurances known as policies for those over 65 years of age increase the contracting age to 70 or 75 years and offer practically the same coverage as the traditional ones.
Alternatives to be fully protected
Standard life policies do not cover all cases, because as explained there are special circumstances known as aggravated risks. If the insurer agrees to sign the policy in these cases, these coverages are collected in over-premiums and extra-premiums. In fact, half of Spaniards have a policy of these characteristics without knowing it.
the superprime Life insurance serves to insure everything related to aggravated risks. They usually refer to the profession, the practice of certain sports, the age of the insured or their state of health. It is of interest to be fully protected in the event that the insured responds to any of these circumstances.
The extra cousin, On the other hand, it refers to the increase in risk when the policy in question has already been contracted. For example, if a person took out life insurance at the age of 30 and is now 70, an extra premium must be paid for the increased risk. On the other hand, if this 30-year-old person contracts life insurance without suffering from any disease and later one manifests itself, it will also mean an increase in risk and the fee to be paid will increase.
Find out how we can help you if you contract with us. Remember that the most complete comparator on the life insurance market can help you see the prices of the different insurers and the coverage they include because almost anyone can have life insurance.
