life insurance...
Thread Starter
Joined: Sep 2002
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From: Chichester, UK
life insurance...
bl**dy boring question, but needs to be asked... 
Anybody know where I can find a life insurance company who consider 40 hours a year in a PA-28 to be a reasonable hobby? I've just tried several of the usual suspects, who seem to think that it means I'm either insane or suicidal and promptly double the premium. B@stards.
...and why is being a biker alright but a pilot risky? We're not that dangerous, are we?
Anybody know where I can find a life insurance company who consider 40 hours a year in a PA-28 to be a reasonable hobby? I've just tried several of the usual suspects, who seem to think that it means I'm either insane or suicidal and promptly double the premium. B@stards.
...and why is being a biker alright but a pilot risky? We're not that dangerous, are we?
Last edited by Evo; 11th November 2002 at 13:16.
Why do it if it's not fun?
Joined: Jul 2001
Posts: 4,782
Likes: 12
From: Bournemouth
Don't know if they do this, but certainly worth giving Traffords a call. They were very helpful when I wanted travel insurance to cover me for aerobatics... The number is usually in the back of most of the big magazines.
FFF
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FFF
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Thread Starter
Joined: Sep 2002
Posts: 1,650
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From: Chichester, UK
Bloomin' 'eck 
I called the Prudential and they thought I was high risk - but guess who supply Egg's insurance. Yep, the Pru...
Will try Egg direct and see what happens
Cheers, FFF - will give them a try too....
C'mon QDMx3. There's a Fool in need here
I called the Prudential and they thought I was high risk - but guess who supply Egg's insurance. Yep, the Pru...
Will try Egg direct and see what happens
Cheers, FFF - will give them a try too....
C'mon QDMx3. There's a Fool in need here
Last edited by Evo; 11th November 2002 at 13:47.
Joined: Apr 2002
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From: Dorset
Evo - Assume this is for endowment, or some such thing.
With Standard Life, with a total of 3 policies with them (for varying amounts and varying start / finish dates, but all had been in place for at least 12 years before I started PPL training in earnest) - they were sweet as pie once I said it would be around 40 hrs/yr of GA and charged no supplementary premiums.
With Standard Life, with a total of 3 policies with them (for varying amounts and varying start / finish dates, but all had been in place for at least 12 years before I started PPL training in earnest) - they were sweet as pie once I said it would be around 40 hrs/yr of GA and charged no supplementary premiums.
Joined: Feb 2002
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From: Popham
Specialist brokers usually come up trumps, regarding less than 100 hours a year as not worth worrying abou, although they might be 'total time' based too. There is one in Bournemouth advertises in the mag, as well as traffords. - Sovreign? I think they offer a subscription for a year to any (flying) magazine.
Thread Starter
Joined: Sep 2002
Posts: 1,650
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From: Chichester, UK
Circuit Basher - I'm just after bog-standard term assurance. Got some already through work (no questions asked, so no PPL issues there), but that wouldn't keep my better half's shoe shopping addiction going for long if I got hit by a bus, so I need a top up
Irv - thanks for the tip. Will add them to the list
Irv - thanks for the tip. Will add them to the list
Joined: Feb 2002
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From: don't know, I'll ask
If all you want is term assurance for 10 or fewer years, don't both with the insrance coys, go direct to a Lloyds Syndicate its a damn sight cheaper and you get to talk to the people accepting the risk rather than some functionary.
Private e mail me if you want more details
Private e mail me if you want more details
Joined: Jun 2002
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From: New South Wales
Try Sovereign IFA. They advertise in all the rags. The rates seem OK and they have negotiated block exemptions on PPLs flying under 100 hrs a year. As a pilot, phoning each of the life companies individually is a dead loss.
QDM
QDM
Joined: Oct 2001
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From: London
Direct Line. So long as you're flying less than 100 hours per annum. Nice and cheap too. Got £75k (at the age of 37) for £9 a month. Went for the option where the pay out doesn't reduce each year in line with likely mortgage reduction (ie if I die in 15 years, I still get £75k even though my mortgage will be a lot less by then). Give them a call, worth a quote.
Quote reference 'GR14 is a miserable ******'.
Quote reference 'GR14 is a miserable ******'.
Joined: Aug 2000
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From: Norfolk
Std Life have been good to me - comp aeros, 60hrs a year and mostly from an unlicenced strip.
Traffords helped a mate out a couple of years ago, there was serious confusion about his declaration that aeros would be flown - he then stoofed in and they agreed to pay all costs.
Stik
Traffords helped a mate out a couple of years ago, there was serious confusion about his declaration that aeros would be flown - he then stoofed in and they agreed to pay all costs.
Stik
Joined: Apr 2000
Posts: 967
Likes: 43
From: 30 West
I have recently taken out £100k of term insurance which covers private flying, sport parachuting, skiing and scuba diving to normal sport depths. I shopped around, some loaded, some didn't. the best quote was from Direct Line at £16 per month - I am mid 40's.
niknak
Joined: Dec 2001
Posts: 2,335
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From: UK
EVO et al .............
Be very careful about what you DON'T declare if your employer provides you with any form of life or critical illness insurance.
My employer covers us (quite generously) for both, but we have to make the standard declarations regarding previous health AND any hazardous sporting interests.
A number of my colleagues are also PPLs and the insurance company charges a supplement for them.
Ironically, one is a fully qualified climbing instructor, he declared this, and is not charged any extra.
My point is, insurance companies share information submitted to them in this area, and what you declare to company A but not to B could concievably be passed back to B.
By all means search for the best quote, but it's pointless not declaring the full information if it means you can't claim in the event of the worst happening.
Be very careful about what you DON'T declare if your employer provides you with any form of life or critical illness insurance.
My employer covers us (quite generously) for both, but we have to make the standard declarations regarding previous health AND any hazardous sporting interests.
A number of my colleagues are also PPLs and the insurance company charges a supplement for them.
Ironically, one is a fully qualified climbing instructor, he declared this, and is not charged any extra.
My point is, insurance companies share information submitted to them in this area, and what you declare to company A but not to B could concievably be passed back to B.
By all means search for the best quote, but it's pointless not declaring the full information if it means you can't claim in the event of the worst happening.
Joined: Feb 1999
Posts: 1,095
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From: UK
Be careful about life insurance and critical illness. Barclays supplied me with both of the above. I asked to be covered for flying, and I filled out a form. I was pleasantly surprised to be told there was no additional charge. However, what the b@astards did not tell me that flying was included on life-insurance (i.e. if I kill myself while flying), but it is excluded in the critical illness. Therefore, if I were to be paralysed from a flying accident I was not covered.
I specifically asked the chap who sorted this out for me if this was the case, and he denied it, saying that I was covered. When I spoke to the underwriter he said the opposite. At a later date I spoke to the manager of the branch who agreed with the underwriter and denied all knowledge of the verbal assurances I was given.
So, be careful, read the small print, and remember that a verbal agreement isn't worth the paper it is written on.
I still intend to report Barclays to the appropriate authorities.
I specifically asked the chap who sorted this out for me if this was the case, and he denied it, saying that I was covered. When I spoke to the underwriter he said the opposite. At a later date I spoke to the manager of the branch who agreed with the underwriter and denied all knowledge of the verbal assurances I was given.
So, be careful, read the small print, and remember that a verbal agreement isn't worth the paper it is written on.
I still intend to report Barclays to the appropriate authorities.
Joined: Oct 1999
Posts: 568
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From: Swindon, Wilts,UK
EVO,
Try Swiss life they were one of the very few companies that even bothered to quote when I got life cover for my mortgage a few years back. Most companies get sniffy if you ride a motorcycle Swiss life didn't bat an eye at Flying, Motorcycling, Working at heights and Registered radiation worker (althought I'm not a rad rat anymore). And the price was comparable to normal folks cover.
Try Swiss life they were one of the very few companies that even bothered to quote when I got life cover for my mortgage a few years back. Most companies get sniffy if you ride a motorcycle Swiss life didn't bat an eye at Flying, Motorcycling, Working at heights and Registered radiation worker (althought I'm not a rad rat anymore). And the price was comparable to normal folks cover.
Joined: Sep 2002
Posts: 63
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From: Essex, UK
However, what the b@astards did not tell me that flying was included on life-insurance (i.e. if I kill myself while flying), but it is excluded in the critical illness. Therefore, if I were to be paralysed from a flying accident I was not covered.
