LOL Insurance rip off

[TE RANGI]

Gentlemen, your input in this important matter would be greatly appreciated.

The situation is this: Although my outfit provides basic LOL insurance for all pilots at a small cost (gross 450 euro, i.e. about 300k sterling for the loss of your ticket) I had decided to contract some extra insurance privately.

I found a broker that would provide an extra euro 335k insurance compatible with that of my company. That way I would receive a more or less reasonable sum to keep me buoyant above poverty levels for a while should the worse happen. Unfortunately the capital received this way is taxable in Spain so you'd only receive roughly half the aforementioned sums for the privilege of a generous contribution to your fellow citizens.

A few days ago I got a letter from my broker stating that due to difficult market conditions they're reducing the insured capital by a 9% all the while increasing their premiums a modicum of 55%.
That is, I now have to shell out 227 euros (about 150 pounds) monthly for a taxable 305k euro. I'm in the early 40s and never ever had a medical problem.

Now, do any of you ladies and gentlemen have a private LOL policy? And if so at what cost and what's the tune of the money you'd get and is this taxable in your country? The names of any insurers or brokers would be most welcome.

Thanks and happy ldgs.