The Right Choice for Private Pilots

According to current Federal Aviation Administration statistical data, over 200,000 U.S. residents hold valid, active private pilot licenses.  That figure is not inclusive of the many thousands of student pilots and all those who fly ultralights, powered parachutes, paragliders, gliders and balloons.  Like the rest of the pilot community, recreational aviators are aware of the inherent risks of death or serious injury while at the controls of small aircraft, so naturally, costs permitting, private pilots are always interested in personal accident insurance to financially protect the interests of their families while they are in the air.

Recreational pilots are known to hold steady employment, no matter their occupations, and they tend to have disposable income.  Considering the moderately hazardous nature of their favorite avocation, private pilots are favorable clients to any advisor as they are generally receptive to life and disability insurance proposals.  That’s the good news.

The bad news is that most life and disability underwriters have negative preconceptions regarding private aviation exposure.  The table ratings and flat extras demanded by life companies on pilots have progressively increased over recent years, making insurance premiums downright expensive and unattractive to aviators.

One alternative is a prospect choosing to go uninsured, soaring 10,000 feet in the air without a hint of personal financial protection.  The better choice is a prospect choosing to explore the high limit accident market as a supplement to life insurance.  The right solution for private pilots is to forego those expensive life insurance flat extras, and have their dutiful insurance advisor contact Petersen International to acquire sensibly priced accidental death insurance, expertly handling the coverage of the client’s private aviation exposure.

Petersen’s High Limit Accident plan can be individually designed to cover a private pilot in case of accidental death, dismemberment and even accidental permanent disability.  The product offers options of “around the clock” coverage or “private piloting only” coverage so it can easily be adapted to an existing life insurance policy.

Call Petersen International (800 )345-8816 to hear more about our extensive portfolio of insurances for private and professional pilots including life, accident, disability and loss of license coverage.

Register for Excess Income Protection to Age 70

Mar 4, 2015 10:30 AM PST

Did you know about Petersen’s Accelerated Benefits to Age 65 plan? If not, do not worry, we’ve increased these capacities yet again! We invite you to our live introduction of the new Accelerated Benefits to Age 70 plan and the excess guaranteed issue opportunities it entails. Learn about the comprehensive income protection the Accelerated benefits plan can offer your clients and the significant role it plays in their comprehensive financial plan. Click Here to Register on Webinar

After registering, you will receive a confirmation email containing information about joining the webinar.

 

IDI Insight

The International DI Society will be presenting the 2015 Income Protection Symposium in locations across Southern California beginning March 10, 2015.  Distinguished speakers from the disability industry will be addressing strategies to grow individual disability insurance sales.  There is no registration fee. Reserve your spot

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