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-   -   Accidental death policy (https://vansairforce.net/community/showthread.php?t=156609)

punkin 01-04-2018 09:33 AM

Accidental death policy
 
For lots of reasons that only underwriters will ever know, for the last few years, I have carried a life insurance policy that excluded general aviation related death, and an accidental death policy through Petersen that ONLY covered GA related death. As stupid as this sounds, it was substantially less expensive than the same coverage under just the life policy.

Petersen has now informed me that the policy I've carried will no longer be offered in Colorado. So, after January 18, I can die in any conceivable way, EXCEPT as the pilot at the controls of a GA airplane, and my family is covered.

Is anyone aware of a similar accidental death policy that covers general aviation that I might look into? My longtime "insurance guy" is kinda throwing up his hands. Petersen was his "magic found after turning over rocks" and he's got no more rocks left to turn over.

apkp777 01-04-2018 09:47 AM

both EAA and AOPA have plans without such exclusions.

https://www.eaa.org/en/eaa/eaa-membe...insurance-plan

pa38112 01-04-2018 10:19 AM

I bought my two Whole Life policies prior to becoming a pilot. I remember there was a question on the application about it. After getting my license I have always assumed that I was covered, but never verified it. I'll have to check. They can't add restrictions after the fact, can they?

Joe Parish 01-04-2018 10:35 AM

Your better off assuming your not covered. I called on my term life policy a few weeks ago and I was told that it would not cover any aviation related death. I posed the question of dying on a commercial flight and her response was my policy would not cover any aviation related accident. I need to call them back and speak with someone else. I figure I would be covered for a commercial flight but not a GA flight.

I need to look into a AD&D policy. The little research I've done to date, there are restrictions. In a plane or car if you have a medical issue which causes you to have an accident the AD&D policy would not pay. A life insurance policy should in that case.

docsuresh 01-04-2018 10:42 AM

Ditto. Safe to assume that most, if not all, life insurance policies will not cover aviation (let alone, GA).
If you click through the ads on AOPA it will take you to a few insurance brokers. I ended up buying a full insurance (underwritten by Prudential) from one of the brokers. It is not cheap but not insanely expensive either. Hurts just a little every month at check-writing time. :)

larrynew 01-04-2018 10:55 AM

I had to search hard to find a replacement for my USAA term policy after it expired and their costs skyrocketed. Didn't think the wife would be on board the whole death defying plane built in a garage thing without life insurance. You know how that goes.

Tried AOPA and EAA and policies with aviation were available but costs were prohibitive like with USAA. Almost gave up until I found Jeff Rodriguez who is in my wife's BNI group. He turned over rocks for me and found a policy with aviation included for about half the other guys. Had to take a mini physical which I think helped bump me into a better category. It took him a while to find the company and policy which is at North American Life Insurance. Google search of the company shows they're reasonably reputable.

Absolutely no connection other than a happy customer. He's an independent agent. Here's his contact info if you're looking.

Jeff Rodriguez - 210-325-6282 - PINNACLE LIFE & HEALTH

Andrew Anunson 01-04-2018 11:07 AM

Quote:

Originally Posted by punkin (Post 1229747)
Is anyone aware of a similar accidental death policy that covers general aviation that I might look into?

I have been very happy with Travers & Associates Aviation Insurance Agency. I have a life insurance policy with them that covers general aviation activities (along with anything else other than committing felonies or suicide). Will it pay? I'll never know....

My term life policy with Travers is approximatley the same cost as supplemental life insurance that I can purchase through my employer (although that policy does not cover General Aviation).

Andrew Anunson 01-04-2018 11:09 AM

Quote:

Originally Posted by pa38112 (Post 1229756)
They can't add restrictions after the fact, can they?

Almost all life insurance policies won't pay if you are a crewmember.
We typically need specific policies which cover General Aviation.

pa38112 01-04-2018 11:18 AM

Quote:

Originally Posted by Andrew Anunson (Post 1229773)
Almost all life insurance policies won't pay if you are a crewmember.
We typically need specific policies which cover General Aviation.

I bought my policies in 1969 and 1989. I doubt they had the disclaimers then, and don't see how they could legally be added after the fact - but I will look into them and get a real answer.

punkin 01-04-2018 11:41 AM

sent pm
 
Quote:

Originally Posted by larrynew (Post 1229766)
Tried AOPA and EAA and policies with aviation were available but costs were prohibitive like with USAA.

That's been my experience as well. I've sent you a PM, thanks for the heads up!


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