Help please / RE: Loss of Licence
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Join Date: Aug 2006
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Help please / RE: Loss of Licence
Hi everyone,
I am an older pilot (almost 60 years), looking to take out "Loss of Licence" insurance. Please will you share / advise which Australian company you are with.
Happy flying and thanks for your help.
I am an older pilot (almost 60 years), looking to take out "Loss of Licence" insurance. Please will you share / advise which Australian company you are with.
Happy flying and thanks for your help.
Join Date: Aug 2007
Location: Brisbane
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cptbb
I am sorry to advise that nearly all loss of licence insurance providers cease providing loss of licence insurance once a pilot rerachers an age of 60. I am only aware of one insurer in London who will provide loss of licence cover up to 65 but the benefits are minimal and the premium is very expensive.
CR82
I am sorry to advise that nearly all loss of licence insurance providers cease providing loss of licence insurance once a pilot rerachers an age of 60. I am only aware of one insurer in London who will provide loss of licence cover up to 65 but the benefits are minimal and the premium is very expensive.
CR82
Join Date: Feb 2006
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A standard income protection policy may offer similar outcomes as a "loss of licence" insurance would.
Many mortgage provider also offer insurance if you are retrenched or unable to work if you have a mortgage with them.
I've got one that pays for my mortgage for 8 months if I lose my job or can't work because of an accident. It wasn't an expensive policy. Even better if you've loaded up your mortgage with your Aston Martin or similar as it covers that too as it's wrapped up in the mortgage.
Many mortgage provider also offer insurance if you are retrenched or unable to work if you have a mortgage with them.
I've got one that pays for my mortgage for 8 months if I lose my job or can't work because of an accident. It wasn't an expensive policy. Even better if you've loaded up your mortgage with your Aston Martin or similar as it covers that too as it's wrapped up in the mortgage.