Life and Death Insurance Availability for Oz Pilots?
 

Have any Oz guys out there been able to source decent death cover from a reputable insurance company?

The standard death payout from most companies for their employees won't scratch the surface of the families expenditure if the major bread winner goes tits up. So I'm searching for the 'best' additional death only cover out there in insuranceland.

I've tried a couple with the usual story "sure you can have life insurance, I'd love to sell it to you ........oh your a pilot.....ah erm sorry mate". :mad:locks.

I've been trawling the net but there's so much crap and who is trustworthy these days?

Any pointers would be great. I know we don't do the advertising thing here so just a rough pointer would be good. :ok:

Thanks

Floaties.

Have you looked on this thread in DG & P?

Death Only Cover?
 

Yes SP I did do the forum search thing but it didn't give many leads.

Thought I would ask the rotary guys for a response.

Specifically death only cover, no accidents, no trauma or lol etc.

Surely SOMEONE out there has sourced standalone cover.

Thanks in advance:ok:

Floaties

Try the AFAP>

Death Cover
 

Try John Ellis of Millennium 3 Financial services.

07 3870 0933.

It is through Comminsure and he does it with no extra premium even though you are a "pilot"

PP

You should also think about your super fund, or fish around for a good one now that we don't HAVE to be in an industry APPROVED fund.

Many of them have little loading for rotary types and for a very small extra per week you can upgrade to a few units extra for the life cover.

Usually it's up to four units without a medical and from then on I think with some you can go to twelve units. 12 times fifty or so is a fair whack and it can be downgraded on the run.

I was with ARF once, that's the Australian Workers Union super fund, it was good, and cheap. Each unit of life cover was only one dollar per week extra. A very good deal.

A membership of the Paraplegic Benefits Fund (of which I have no vested interst, check it out on the web) might also be worthwhile. For a very small sub you get, upon a positive diagnosis, a cheque for 100K. That is designed to buy wheelchairs, motor car and house mods and maybe pay off a couple of HP or mortgage items that are laying around.

I mean just look at the Gold coast incident, how close were those five people to becoming wheel chair bound. it costs me about 400 bucks per year and i have a big mob covered, pilots their families, engineers doing strobing etc.
cheers tet