Life Insurance for Race Car Drivers can be obtained. I have several carriers that will offer coverage.
Carriers, that provide Life Insurance for Race Car Drivers, will want, beyond the standard Life Insurance Application , an additional form that will cover questions about your sport.
A few of the questions are:
Permanent / Temporary paved course. Is the course Oval? Hill Climbing , Drag Strip or Off Road?
They will also want to know if the event is sanctioned or any regulatory body. If it’s sanctioned they will want to know what mandatory equipment is required so as to participate in the race.
Your Training in the Sport:
Another question would be if you have had formal training. They will also want to know if this is your Occupation or Hobby. We also need to document all accidents, if any, that have required you to be hospitalized.
Lastly carriers will want to know about your race vehicle: Make, Model, Engine Displacement, Horsepower, Average Speed, Maximum Speed etc.
Once we review the above questions and gather a overall health review, I will take this information to my in house underwriter. We will review the information and choose some of our recommended carriers. I will then contact each carrier and review their underwriting guidelines and find the best possible fit.
This is a process that takes time. You must have serious intent to obtain some coverage. If you are not ready , within a 30 day span, to obtain coverage, please wait before contacting me in regards to a quote. Things can change over a period of time and the last thing we want to do is to repeat this process over and over.
Obtaining a quote and even applying for a Life insurance policy is of no cost to you.
Fill out my request form or give me a call. My number is 512-963-5000.