Life insurance for private pilots

Brian M

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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... :D

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.
 

rppearso

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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

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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

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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

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

Brian M

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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.
 

kk alaska

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