Pilots Life Insurance
For commercial pilots looking for life insurance there are a number of factors that will be taken in to account by insurance underwriters. Most insurance providers would consider an application for a commercial pilot for life insurance, critical illness cover and income protection. Insurance underwriters will usually ask about your occupation if you are a commercial pilot to assess the levels of risk for life insurance to identify whether there is an increased risk.
How it works
Commercial pilots looking for life insurance will need to disclose any relevant information about their occupation, such as:
- Type of aviation
- Number of private pilot hours
- Any helicopter hours
- Medical history
- Sum assured and term
The Insurance Surgery is a leading life insurance specialist for people with hazardous occupations such as commercial pilots or other pilots. We have worked with a wide range of individuals with dangerous occupations such as pilots to protect their families for less with affordable life insurance.
Life Insurance for Pilots
Most commercial pilots looking for life insurance will not have any problems finding cover and should even be able to obtain cover at normal / standard rates. Generally commercial pilot is not classed as high risk by life insurance underwriters and therefore should not attract any additional premium loading. If however you take part in other activities that are classed as high risk for by life insurance underwriters, such as:
- Helicopter pilot
- Military pilot
- Flying to dangerous destinations
- Flying instructor
In these instances you may find that there are some additional underwriting questions to secure life insurance for commercial pilots. Some insurance providers will be more strict with certain types of commercial pilots looking for life insurance and therefore it is important to apply to the best insurance provider for your circumstances.
Critical Illness Cover for Pilots
If you are a commercial pilot looking for critical illness cover then the good news is that cover is generally available and often at standard rates with no occupational exclusions. As with life insurance, there are certain situations where your application for critical illness cover as a commercial pilot may attract a loading to the base premium or even some exclusions such as a potential TPD (Total Permanent Disability) exclusion.
Critical illness cover for commercial pilots terms will generally depend on standard risk assessment such as your medical history, sum assured, term, type of cover and any other factors.
Income Protection for Pilots
Income Protection for commercial pilots will also generally depend on your medical history, type of cover and any other occupational risk factors. It is important to consider the type of cover that you want to buy before accepting cover as there are a wide range of definitions which could cause an issue at point of claim.
There are a number of different types of income protection policies available so you will need to carefully consider which level of cover is appropriate for you.
About Commercial Pilots
Commercial pilots are highly skilled and well qualified individuals so considered to be generally lower risk by insurance providers. Accident rates within the aviation industry for commercial pilots are also very low which is also a major factor.
Commercial Pilot qualifications:
- PPL (Private Pilots License)
- ATPL (Airline Transport Pilots License)
- CPL (Commercial Pilots License)
- IR (Instrument Rating)
All commercial pilots will have to undertake a rigorous assessment process which will also be repeated regularly to ensure that they remain capable of flying. Regular assessments will include flying in simulators and medical checks, including eye checks.