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Life insurance Tips for Motorcycle Riders
Most likely if you already have or are thinking about getting a motorcycle you are wondering if that purchase will affect your life insurance policy.
This article will provide tips for those who are looking to purchase life insurance with a motorcycle.
What to know about buying life insurance if you ride a motorcycle
That's right. Riding a motorcycle does not make your premium higher. Life insurance companies don't ask if you ride a motorcycle.
While simply riding a motorcycle doesn't affect how much you will pay for coverage, they will most likely look at your driving record. Your driving record whether perfectly polished or with a few fender benders can affect how much you will pay for life insurance.
Healthy applicants can qualify for no medical exam life insurance policy which will be available to those seeking either a term life insurance policy or a whole life insurance policy. Applicants who already have life insurance coverage but would just like to supplement their existing coverage with an accidental death policy can also be insured immediately. However we only recommend this option for those who feel that they are already adequately insured with a "true" life insurance policy.
A five minute interview should be enough to determine which option would work best for you and your family.
We also work with many fully underwritten life insurance carriers who have streamlined the process. A healthy candidate can have life insurance in place in as little as a few days.
Therefore, if you need motorcycle life insurance fast, give us a call today.
#3. You can keep your existing policy in place!
Let’s assume that you are already insured, and this additional coverage is just to make your spouse feel more secure… No problem!
- Keep your existing policy in place.
- Purchase an additional policy for less coverage for a 10 or 15 year term which should be really affordable.
- And then, you will be able to ask her what color bike would look the coolest.
The bottom line is life insurance companies do not penalize clients who ride a motorcycle.
You can easily get a quote in minutes.