Life Insurance for Pilots.....where?
Thread Starter
Join Date: Mar 2006
Location: uk
Age: 23
Posts: 48
Likes: 0
Received 0 Likes
on
0 Posts
Life Insurance for Pilots.....where?
Can anyone please recommend to me where I can buy some life insurance as a pilot. My company does not have this facility and alot of firms are not interested to sell life insurance to pilots.
The best I have seen at the moment is £300000 lump sum payout for a 20 year term at a cost or approx £65\ month.
Thanks all...
The best I have seen at the moment is £300000 lump sum payout for a 20 year term at a cost or approx £65\ month.
Thanks all...
Join Date: May 2005
Location: All over the place
Posts: 29
Likes: 0
Received 0 Likes
on
0 Posts
Try a good broker. When I took out life insurance earlier this year (Eagle star), they were bothered that I had a "Dangerous Occupation". But when thet sent me a detailed questionaire, they realised I was standard Airline flight crewand then lost interest in my "Dangerous Occupation". Cost is similar to your recent quote for 300.
All the best, Mondeoman
All the best, Mondeoman
Join Date: Jun 2001
Location: UTC +8
Posts: 2,626
Likes: 0
Received 0 Likes
on
0 Posts
Are you planning on dying soon? Insurance companies that you can "trust" with your hard earned cash are few and far in between.
Mismanaged insurers like AIG have no money to buy your coffin.
Mismanaged insurers like AIG have no money to buy your coffin.
Join Date: Sep 2006
Location: Scotland mainly, rather than at home.
Posts: 387
Likes: 0
Received 0 Likes
on
0 Posts
...Norwich Union - now Aviva or somesuch - both cover aircrew and don't tend to weight the premiums.
Join Date: Jun 2000
Location: Northern Hemisphere
Posts: 72
Likes: 0
Received 0 Likes
on
0 Posts
Bright Grey (part of The Royal London)
Folks when I first took out my policy I was on JAR25 medium Turboprop doing scheduled airline work only and the premium was £52 for £250,000 over 20 years index linked and included Critical Illness cover for free.... Recent statement now made the cover £265,000 and as I had quit smoking for over a year dropped the premium to £32. Now needless to say age, medical history, etc has a huge bearing but my broker felt that this was a good policy that suited my lifestyle/career.
PM me for his number if you wish....
PM me for his number if you wish....
If you are in a company pension scheme, is there not a "death in service" benefit? I don't claim to be an expert but the last time I checked "in service" meant when in the employ of the company - in simple terms you could commit suicide in your own house and the scheme would pay out! (Not that I recommend such action).
Thread Starter
Join Date: Mar 2006
Location: uk
Age: 23
Posts: 48
Likes: 0
Received 0 Likes
on
0 Posts
Thanks all to your responses.
Anyone care to comment on Friends Provident in Isle of Man. I hear they offer a good discount to aircrew.? Any contact number..
Regards.
VC
Anyone care to comment on Friends Provident in Isle of Man. I hear they offer a good discount to aircrew.? Any contact number..
Regards.
VC
Join Date: Feb 2001
Location: UK
Posts: 162
Likes: 0
Received 0 Likes
on
0 Posts
Member of BALPA?
If you're a BALPA member then give their Financial Services a call! The advice is free to members and I found it very useful to me when faced with a similiar decision. Advice and products are tailored to you as a pilot.
