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  #11  
Old 01-04-2018, 11:43 AM
punkin punkin is offline
 
Join Date: Jan 2016
Location: Northern Colorado
Posts: 276
Default Travers uses Petersen...

Andrew, I was excited that you seemed to be describing what I wanted...and I clicked through their website and their product is EXACTLY the product that I had. It's great if you can get it.

Apparently something regulatory changed in Colorado which has caused them to remove the offering in this state.
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  #12  
Old 01-04-2018, 01:07 PM
Northernliving Northernliving is offline
 
Join Date: May 2005
Location: Boston, MA
Posts: 452
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I got my first 35 year term policy around 1991, a couple of years after getting my PPL. I've added two similar policies since then as my income and liabilities have increase and the only stipulation with any of these is that I couldn't be an instructor. They had no problem at all with me flying/piloting.
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  #13  
Old 01-04-2018, 01:18 PM
BobTurner BobTurner is offline
 
Join Date: Dec 2011
Location: Livermore, CA
Posts: 6,797
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Quote:
Originally Posted by Northernliving View Post
the only stipulation with any of these is that I couldn't be an instructor. They had no problem at all with me flying/piloting.
That strikes me as odd stipulation. For many years the fatal instructional accident rate has been lower than that of general aviation as a whole.
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  #14  
Old 01-04-2018, 01:44 PM
nilberg nilberg is offline
 
Join Date: Dec 2012
Location: Katy, TX
Posts: 233
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I guess it is related to exposure to that rate. Instructors easily get 10-20 times more flight time (exposure) to that rate.
Insurance is all about number crunching.
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  #15  
Old 01-04-2018, 02:09 PM
BobTurner BobTurner is offline
 
Join Date: Dec 2011
Location: Livermore, CA
Posts: 6,797
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Quote:
Originally Posted by nilberg View Post
I guess it is related to exposure to that rate. Instructors easily get 10-20 times more flight time (exposure) to that rate.
Insurance is all about number crunching.
"Active" CFI's, yes. But the vast majority of CFI holders are either inactive, or very much part time. At the same time, some GA pilots fly a lot, some little. You'd think they would have asked for annual hours flown, rather than a blanket prohibition.
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  #16  
Old 01-04-2018, 02:34 PM
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DaleB DaleB is offline
 
Join Date: Sep 2012
Location: Omaha, NE (KMLE)
Posts: 2,247
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Quote:
Originally Posted by BobTurner View Post
You'd think they would have asked for annual hours flown, rather than a blanket prohibition.
Easier to just eliminate all pilots from your pool of liability. Even if that means you lose all your pilot customers, it's still a vanishingly small percentage of your business.
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Last edited by DaleB : 01-04-2018 at 03:35 PM.
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  #17  
Old 01-04-2018, 03:31 PM
mr.sun mr.sun is offline
 
Join Date: Aug 2006
Location: Wet, Western Washington
Posts: 157
Default Accident Policy

I'm a licensed agent here in Washington and have no problem with our company issuing life insurance to GA pilots. I have my own personal Whole Life Policy and, after answering the appropriate questions, it all worked out. I told the truth, pay the bill and the wife is happy. PM me for more info.http://www.vansairforce.com/communit...lies/smile.gif
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  #18  
Old 01-05-2018, 06:18 AM
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steve murray steve murray is offline
 
Join Date: Jan 2005
Location: Flat Rock, North Carolina
Posts: 360
Cool Medical Insurance Coverage vs Life Insurance Coverage

Related but different topic, medical insurance vs life insurance.


I just retired and moved from company medical plan to my own privately purchased plan. All the medical policies I reviewed had an exclusion for flying.

So if I have a bad crash, from my wife's financial perspective, I need to die and and let her collect life insurance (I bought life insurance policies that cover aviation) as I will not have an medical coverage beyond the basic $10K of medical coverage in my RV insurance.

I spoke to Falcon and AOPA about getting a rider medical insurance policy for more medical coverage but none was available.
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  #19  
Old 01-05-2018, 06:58 AM
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KatieB KatieB is offline
 
Join Date: Jun 2010
Location: Stilwell, KS
Posts: 1,096
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Even if your plan covers being a "General Aviation" pilot, it still might not cover death in an Experimental aircraft. I asked HR about aviation exclusions for the AD&D policy at work, and they said "nope!" but when I specifically asked about Experimental aircraft, she double-checked, and they won't cover that. We have life insurance through AOPA specifically because of this.
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