Pranav,

A number of years ago, like back in 2006, I signed up with Northwestern Mutual for a 10 year term policy. I stated very clearly on the application that I raced cars a hobby. To the surprise of my agent, I was approved. I have been with NM ever since. I can't guarantee you will get the same results, but it might be worth a try.

The rate was locked for 10 years, and then it started increasing each year thereafter. I think it's still less than $3k/yr. I'm WAY older than you. That seems like a good deal to me.