The news from life insurance companies just keeps getting better when it comes to private pilots. More and more companies are softening their stance on the actual mortality risk that this group represents.
Of course airline pilots have enjoyed the best insurance quotes available for some time. What got them there? It’s their experience and training and an overall low mortality risk. What the life insurance underwriters are seeing more clearly now is that there are plenty of private pilots out there who have the experience and training, and fly enough hours to stay proficient, that they too should qualify for great life insurance rates, whether they need term insurance, universal life or whole life.
If you’re a private pilot looking for fair and affordable life insurance, seek out an independent life insurance agent with experience working with pilots. If they don’t ask about your ratings, total hours, annual hours and type of plane you fly, call another one because they don’t know what the underwriters will need to know.
Bottom line is the news for private pilots just keeps getting better, and it’s about time.
This post is somewhat dated. Life insurance underwriting is changing and evolving continually. For more updated information check out some of the key word links. If you have a specific question or topic you need information for do a search. If you don’t find the answers you need contact me and we’ll make sure you get the information that is important to you.