Impaired life insurance is simply coverage designed for people with pre-existing or ongoing health conditions, risky occupations, or specific lifestyles that might pose as a higher insurance risk to insurers. It's there to offer tailored solutions that address individuals’ unique needs and circumstances. When identified as an impaired risk, your monthly premium will most likely be higher. The extent of the increase is influenced by your personal situation and the insurer.

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Individuals with pre-existing or ongoing medical conditions such as cancer, diabetes, obesity, HIV, heart conditions, mental health issues, and other health concerns may be classified as impaired risks for life insurance.

People in dangerous occupations like armed forces, police, fire service, offshore work, and other risky professions are considered impaired risks. This is because there's a higher chance of serious injury or death.

Participating in risky sports like rock climbing, sailing, motorsports, and wintersports for example may affect life insurance costs due to the higher risk of injury or death, particularly for sports professionals. Engaging in extreme hobbies such as snowboarding can impact your premiums, especially if these activities are a regular part of your lifestyle.

If you're considered an impaired risk, the main factor that'll affect your policy is how much you pay each month. How much it goes up depends on your situation and the insurer.