Life Insurance for Pilots 

What most people don’t know:
 

Most life insurance policies, especially those through work or your local bank, will not pay your family if you die while piloting a plane (typically referred to as an Aviation Exclusion). It makes sense because most people don’t need to be covered for piloting a plane and it keeps the rates lower for those people. BUT, if you’re a pilot, you probably want your life insurance policy to pay your family if you die in a crash (unless you’re already rich and don’t have a need for life insurance).

 To be fully covered as a pilot may require a separate application questionnaire, additional approval, and often an extra charge for the higher risk of death, which is usually not as much as you might think. Your good health will also factor into your rate, which is a benefit because pilots on average are healthier than the general population due to medical check requirements. The questionnaire may ask about total/solo flight hours, annual expected flight hours, skydiving activities, IFR certification, and other factors to determine eligibility.

At ApolloWorks Financial, we will work with you to:

1.      Evaluate your current coverage and any limitations,

2.      Determine what your coverage needs may be,

3.      Make recommendations that will fit your needs and budget, and

4. Adjust over time as your needs and plans change.

Whether you’re a student pilot, private pilot, or commercial/charter pilot, we work with over a dozen carriers and can find the right plan for you! Call, email, or schedule an appt today.

We work with many top rated insurance carriers:

We will…

1.      Evaluate current coverage/limitations

2.      Determine actual coverage needs

3.      Recommend the plan for YOUR needs and budget

4. Adjust over time as your needs and plan change