Something comparable to what non cave divers get. If you're getting a group policy through work or multiples of your income through work, this goes away when you quit, get fired or retire. I want to ALWAYS be able to protect my family. Not just when I'm employed.
Anyone from NSS-CDS or NACD want to chime in. Is this free service which could drive up membership something you'd consider?
I'd be up for increasing my coverage if there was a decent rate.
Joe
Originally Posted by Richard Pyle
I would be up for this depending on rates and amounts.
I have an individual term life policy through NY Life and yes its with additional ratings for being a cave diver and deco diving in the ocean. (They know, I didn't lie) Try them if you are havving difficulties finding someone to underwrite you.
Good on you to pursue a group rate, but I'm suspicious about a group rate for a cave diving organization. There are few low risk individuals in this kind of pool.
Term? Ewe!!! According to Metlife, less than 2% of Term insurance ever pays. The only way Term insurance pays is if you get lucky and die early. Some would say that's not too lucky. Insurance companies know that you're not going to die early 98 out of 100 times, that's why Term insurance is cheap.
I'll write the little check for Whole Life, and I'll let the insurance company write the big check when I finally die.
At any rate, my pursuit is for GOOD insurance for cave divers. If we wanted crap insurance we could always go to DAN.
LOL right. Little check = tiny whole life payment. About the only benefit for your wife is its tax free.
I won't get into a debate about insurance here. You either care about your family, have character and want it, or you don't. But you can never pay in to whole life more than you get out. I prefer to pay for something that will pay me back. With term, it only pays back 2% of the time. You're almost guaranteed to be throwing money out the window. Some people rent their home, some people buy their home. I guess it depends on what kind of peep you are.
And that's all I got to say about that. I'll keep you updated if I get this done.
I currently have a policy through a nursing organization. No questions asked about my extracurricular activities. It's currently term, but I plan on converting when the initial two years is up and I'm allowed to. It's less than $5 per $1000 right now. It will go up to about $8 per $1000 but I should be converted before that happens and it will actually be more, but it will be whole not term. If you can get something going for a competitive rate (competitive for non-cave divers) I would be in.
Rob Neto
Chipola Divers, LLC
Check out my new book - Sidemount Diving - An Almost Comprehensive Guide
"Survival depends on being able to suppress anxiety and replace it with calm, clear, quick and correct reasoning..." -Sheck Exley
Those rates for term are about right... 8 per 1000 at your age now or 8 /1000 at your age in two years?
It's all just pipe dreams and pie in the sky right now. I'll be in communication with the head of the underwriting department early next week. I have my fingers crossed tightly. I'll do my best to have something great in place for us.
Which one?
Mike
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