Sam
Many thrill seekers like to engage in extreme sports. Some common extreme sports include, skiing, snowboarding, skateboarding, dirt biking, hang gliding, mountain climbing and scuba diving. Other more extreme sports are bungee jumping, parachuting, and hang gliding.
Insurance companies are not all or nothing in their regulations. For example, most people do not regularly participate in the more novel extreme activities like bungee jumping and parachuting. Those activities are generally reserved for milestone events such as birthdays or anniversaries. In other words, premiums are not going to be affected by trying something once.
To be fair, most life insurance companies will charge a flat extra on your premium to cover the risks incurred for regularly participating in extreme sports and activities. This flat extra will usually double the average rate. As you get older, however, your rates could nearly triple as age is always a factor in underwriting policies anyway. As you age, most people start slowing down in any regular extreme sport participation.
Excellent Question.