Thanks for the information surveythe world. I checked with PPIP but they are no help.
First, their cover/policy terminates at age 65. That is of no help to those who intend to keep working after age 65 or need cover after that age. Second, the cover/policy terminates if one becomes a non-resident of Canada. As pilots have a global job market to chose from that also is of no help. It precludes Canadian pilots from considering any jobs outside of Canada, other than rotational contract work overseas with Canadian operators while still retaining Canadian residence (and paying Canadian taxes). Third, the amount of cover is limited to $300,000, reducing to $100,000 at age 60.
Other life insurance companies offer policies that provide more cover to well after age 65 and have no restriction on accepting a job overseas in future. Their rates seem to be comparable to PPIP's so there is no upside with PPIP, only a severe downside.
As always, it pays to shop around.
Last edited by Carrier; 14th October 2009 at 19:56.
Reason: additional information