Special risk life insurance is a term used in the life insurance industry to describe an individual that may have risk factors that are unique or special and do not coincide with a typical standard risk profile. If an employee has a dangerous occupation, engages in risky hobbies, smokes, has below-average health and/or an underlying health condition. A optional insurance policy that is non-traditional or unusual because the employee is more exposed to certain risks.
Special risk option to provide coverage for employees participating in sponsored sporting activities or group events. Non-traditional activities that may have unusual risks due to the dangerous nature.