If you do take out your own life assurance policy, don't let them load you. I've recently declined a policy from Norwich Union as they wanted to apply a loading due to my job. I pointed out that other companies are happy to accept airline pilots on normal terms (I have policies with other companies). They wouldn't budge so I used Nationwide instead who gave normal terms. Some insurance companies don't seem to understand aviation has moved on from the days of the Wright brothers!