You might not think that it is possible to get life insurance or income protection insurance if you choose to climb Mount Everest. You can certainly understand the insurance companies reluctance to provide such insurance given the significant risks involved in climbing the mountain. In fact, in the death zone there have been over 200 deaths, many of which have occurred on descending the mountain after reaching the peak.
Naturally insurance companies are very wary of insuring people who wish to do such a dangerous activity. Sometimes they will insure with an exception. The question of dangerous sports is asked during the application process. Rock climbing is specifically mentioned as one such sport. You must answer the questions honestly and a good insurance broker with check with the insurance company as to whether your cover will be accepted. Usually if it is accepted, then it will be done with a loading (your premiums will cost more). This is very common for those that engage in dangerous sports or activities. Deep sea divers have the same issues.
Remember, it is always best to be totally honest with an insurance company as there is a very real chance that your family will not be paid benefits if you were deceptive during the application process. As well as getting life insurance you should also look at Trauma Insurance which can cover you in the event that you don’t die.