Life Insurance for Pilots: Commercial, Private, Crop & Student

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Most people strive to care for their families and loved ones as best they can. But what about after you’re gone?

Buying life insurance is the best way to continue to care for your family even after you’ve passed on. If you die without life insurance, your family could be strapped with hundreds of thousands of dollars of unpaid debt and no resources.

If you’re a pilot, then obtaining the right coverage for your family can be a little more complicated. Life insurance for pilots isn’t necessarily going to cost more, but there will be a few hoops to jump through.

Even though people are more likely to die in a car accident than a plane related crash, the insurance industry is still a little scared of flying.

Here are some of the different experiences you might have, depending on what type of pilot you are.

Problems with Life Insurance for Pilots

When you begin the application for life insurance you will have to fill out a form that will assess your risk level. An insurance underwriter studies your application and considers your current state of health and your occupation.

Some companies still wrongfully consider flying to be an excessively dangerous activity. They may reject a pilot’s application outright.

Some companies may just exclude aviation from your coverage. That means if you die in a plane related accident then your insurance wouldn’t pay a death benefit.

You don’t necessarily have to deal with this type of treatment. In fact, you can get a good deal with the right broker. Doing a simple life insurance assessment can give you a good idea of what kind of coverage you can get.

Why Pilots Should Work with Brokers

Insurance agents are beholden to a specific insurance company. But an insurance broker works primarily for you and is able to shop around and find you the best deal. This freedom is especially important when considering life insurance for pilots.

A broker will be able to help you manage the varying factors that will affect your premiums and potential coverage. Things to think about are:

  • your level of training
  • your history and experience
  • whether you fly commercially or recreationally
  • what planes you fly

Obtaining life insurance for anyone can be a daunting task and most Americans don’t understand the process. Securing life insurance for pilots has an added layer of difficulty, so let an experienced broker work on your behave to ensure you get the deal you deserve.

The type of coverage you are likely to receive is affected by the type of pilot you are. Here are some of the major differences between commercial pilots, student pilots, private pilots, and crop pilots.

Commercial Pilots

Commercial pilots will have the easiest time getting the right life insurance. As long as you are in good health and passed all previous background checks then you just get premium ratings.

Typically, these are all requirements for employment anyway, so commercial pilots don’t run into too many roadblocks.

Student Pilots

Student pilots have a tougher time obtaining the coverage they want at a low price.

Because student pilots are seen as green and inexperienced, their potential risk is much greater. An insurance underwriter would most likely suggest starting with a standard rating which makes for a higher monthly payment.

Student pilots also are often charged a flat extra. This means that they will be charged extra per $1,000 of insurance. This is to cover any special hazard or risk presented by aviation or extra-hazardous activities.

Private Pilots

Private pilots have a good chance of qualifying for premium coverage rates if they fall within certain guidelines.

If a private pilot has:

  • reached a certain number of private total flight hours
  • an IFR certification, although not all insurance companies require this
  • stayed within the specific hours of flight indicated by that insurance company

then they stand a chance of getting rates as good as any non-flying normal healthy person.

Having the IFR certification will really help your application. Also, staying within the range of 20-300 hours of flight is typically the expectation laid out by insurance companies.

Crop Pilots

For crop pilots or crop dusters, there is a bit of variance between insurance companies. The insurance company will most likely want to know what kind of plane you fly, the number of hours you spend in flight, and your past training and certifications.

If your aircraft was built specifically for crop dusting then your rates are likely to be better. If you have simply modified an aircraft for crop dusting then you might not fair as well.

Crop dusters often are asked to pay the same flat extra that student pilots are. There is some variance as to what that amount will be. It is generally somewhere between $5-$7 per $1,000 of insurance.

Advantages for Pilots

Not everything about being a pilot will be a disadvantage for you when you start the process of obtaining life insurance.

Becoming a pilot is a difficult task. There is a lot of training and education that is required before someone is allowed to operate such a large and complicated machine.

Pilots tend to be higher educated than the average person. Because becoming a pilot is a strenuous and time-consuming task, people who can complete the process tend to be more disciplined and healthier individuals.

You also need to be in excellent health to operate a plane (especially if you’re a commercial pilot). Some insurance companies have realized this and are giving pilots discounted and excellent rates.

What to do next

Getting life insurance for pilots can be a complicated task. But it’s not something you want to put off. Ensuring the future stability of your family is an important and responsible undertaking.

Working with a broker who is familiar with the specific obstacles of aviation will significantly increase your odds of getting a good deal.

Getting life insurance is an important step in caring for your family and your legacy. Don’t be daunted by the uncertainty of the process and get answers today.

Contact us today to begin the conversation about your life insurance coverage.

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Jeffrey Manola

Jeffrey Manola

Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance.

Not only does he strive to provide you with the best rates for your life insurance coverage, but he also wants you to be well informed about the different types of life insurance options that are available. You will also find a significant amount of valuable information on the multiple life insurance companies that can provide you with coverage.

Jeffrey Manola is licensed to provide expert advice and help aid in the purchasing process of life insurance products. He is licensed with the National Insurance Producer Registry (NIPR) in the following states:

AL: 790866 AR: 14358927 AZ: 14358927 CA: 0K29801 CO: 531038 CT: 002536246 DC: 3000281706 DE: 3000190912 FL: W383615 GA: 3089339 HI: 482421 IA: 14358927 ID: 646048 IL: 14358927 IN: 3100885 KS: 14358927 KY: DOI-986908 LA: 758187 MA: 2045330 MD: 3000011601 ME: PRN252004 MI: 14358927 MN: 40427014 MO: 8428106 MS: 10519253 NC: 14358927 ND: 14358927 NE: 14358927 NH: 2434852 NJ: 1562332 NM: 14358927 NV: 3299018 NY: LB-1484031 OH: 1117369 OK: 100293583 OR: 14358927 PA: 740709 RI: 3000183893 SC: 14358927 TN: 2383399 TX: 1969337 UT: 648983 VA: 987464 VT: 3426230 WA: 947010 WI: 14358927 WV: 14358927

Never hesitate to reach out to Jeffrey if you need help. Top Quote Life Insurance is more than just an online quoting agency. We want to help you save money, protect your future, and earn your trust (888) 777-7574.

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