Death Benefit Options for Pilots
Of course, you can imagine how important life insurance is to someone who flies an aircraft for either work, travel or recreation. Although air travel by nature is generally safer than riding in an automobile, planes, helicopters and other motorized and non-motorized aircraft do crash on occasion. Every year American pilots do lose their lives.
Considering the inherent risks of their occupations and avocations, student, private and professional pilots need personal and business insurances against the risk of death or dismemberment.
U.S. life insurance companies offer term and permanent solutions for many commercial, corporate and private aviators, yet the policies and their required premium “flat extras” tend to be cost prohibitive.
A viable coverage alternative as well as an important life policy supplement is accidental death insurance. Petersen International’s standalone High-Limit Accident Plan is a simplified-issue product designed to provide a death benefit in case of loss of life due to unnatural occurrences including aircraft incidents. The benefits platform is flexible and can be customized to cover a client for death as a result of any accident or only as a result of an aviation accident. The plan also offers optional dismemberment benefits which are extremely important to pilot clientele as claims statistics indicate that many aeronautical incidents cause severe injury, but don’t always result in the death or immediate death of the insured person.
Petersen International also has the rare ability to cover pilots in high-risk lines of aviation work including agriculture, firefighting, law enforcement, experimental aircraft testing, construction, high-tension electrical work, religious missions and even intelligence/surveillance contractors stationed throughout the world.
Contact our pilot insurance specialists at (800) 345-8816 to learn about the full line of products available to professional, private and student aviators.