Life insurance for private pilots

[Brian M]

I'm in the midst of buying a term life insurance policy, and needless to say, me being a pilot has complicated matters. My wife and I were both considered to be "preferred plus" based on our age, weight, and health history, but once they noted my recent flight physical, well...

I just got a quote, and my rate is now looking to be about 70% higher than my wife's. Does that seem to be in line with what others have experienced? It seems to be legitimate, but I want to be informed before signing on the policy.

[Mr. Pid]

You're buying a product. Get competitive quotes.

[rppearso]

I just dont have life insurance. Not having it is always an option. I try the best I can to not allow insurnace companies to drive my life.

[Brian M]

I just dont have life insurance. Not having it is always an option. I try the best I can to not allow insurnace companies to drive my life.

Of course it's an option. Nobody is driving my life - I'm a consumer making a choice to purchase protection for my young family should something unexpected befall me. Thanks for your input.

[hogfamily]

I had a simular experience when the insurance company found out I was a flight paramedic. At first they said they would not even sell me life insurance due to my "high risk job". Then they decided to cover me at a very high rate. Finally they insured my wife with me as a "rider". It was very economical then.

[Troy Hamon]

Seems like AOPA has had life insurance products for pilots also. Definitely shop. But it will cost more.

[Monguse]

http://www.piclife.com/pdfs/What_All...hould_Know.pdf

Mr. Pid is right.

[MontanaT-craft]

Check out life insurance with Thrivent Financial. I was pleased with what I was able to purchase.
Charles

[Brian M]

Thanks for the recommendations, fellas. I've been working through a service that gives comparisons from 50+ insurers, so I'm pretty certain I'm getting a solid rate. Actually, the rate I'm being quoted is still just below the rate my local insurer offered even before they knew I was a pilot. I'm more curious about the % increase that folks have experienced due to the simple fact of being a pilot. Alas, the rate I'm getting is still pretty dang good compared to most I've seen, so I'll likely be moving on it.

[Brian M]

http://www.piclife.com/pdfs/What_All...hould_Know.pdf

Mr. Pid is right.

Excellent info, sir. Thanks.

[Troy Hamon]

Here is the direct link to AOPA's offerings. Not one I have used, just one I am aware of.

http://insurance.aopa.org/life

[kk alaska]

USAA is non commision most life ins. premiums first years premiums go into agents pockets!