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Life insurance for sailplane pilots - US



 
 
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  #1  
Old September 16th 09, 04:12 PM posted to rec.aviation.soaring
glidergeek
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Posts: 183
Default Life insurance for sailplane pilots - US

On Sep 16, 4:37*am, 5E wrote:
Didn't see anything about this in the archives.

Anyone with a recommendation/good experience to share?


Judge for yourself if it's a good deal or not Lincoln Benefit an
Allstate affiliate has an aviation program GT Platinum. I applied and
was excepted in 2003. I was 50 y/o at the time single engine land
private pilot glider rated instrument rated, it costs me $100 per
month for $500,000. This is a 15 year policy at this rate. Seems to me
the conversation with the agent that sold this to me that they don't
care for commercial or better rated pilots for some reason (exposure).
  #2  
Old September 16th 09, 05:28 PM posted to rec.aviation.soaring
Andy[_1_]
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Posts: 1,565
Default Life insurance for sailplane pilots - US

On Sep 16, 4:37*am, 5E wrote:
Didn't see anything about this in the archives.

Anyone with a recommendation/good experience to share?


Be very careful if you fly an "experimental". Many life insurance
policies deny all coverage when flying in experimental aircraft. If
you don't ask they may not tell you, but it may well be in the "small
print".


Andy
  #3  
Old September 16th 09, 05:44 PM posted to rec.aviation.soaring
Bob Backer
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Posts: 13
Default Life insurance for sailplane pilots - US

I went through this exercise as well. You need to be very
careful and speak to the ins. co. directly. The policy that
I bought said that the aircraft "must be certified by a
governmental agency". It does not say the FAA. Since my '
glider was certified by the country of origin, it was good
as far as they were concerned.

Bob


Andy wrote:
On Sep 16, 4:37 am, 5E wrote:
Didn't see anything about this in the archives.

Anyone with a recommendation/good experience to share?


Be very careful if you fly an "experimental". Many life insurance
policies deny all coverage when flying in experimental aircraft. If
you don't ask they may not tell you, but it may well be in the "small
print".


Andy

  #4  
Old September 17th 09, 02:18 AM posted to rec.aviation.soaring
John Cochrane
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Posts: 90
Default Life insurance for sailplane pilots - US

My wife also demanded insurance. Northwest mutual explicitly allows
sailplanes if you have more than 100 hours, at no extra cost. (And
cost is pretty low).

John Cochrane.
  #5  
Old September 17th 09, 03:52 AM posted to rec.aviation.soaring
Craig[_2_]
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Posts: 144
Default Life insurance for sailplane pilots - US

On Sep 16, 6:18*pm, John Cochrane
wrote:
My wife also demanded insurance. Northwest mutual explicitly allows
sailplanes if you have more than 100 hours, at no extra cost. (And
cost is pretty low).

John Cochrane.


I'm using Northwestern Mutual also and had the same experience as
John. They didn't bat an eye at the soaring. It was the mountain
climbing that made them nervous. Older now and don't do that anymore
so the premiums have gone down. Win some lose some..

Craig Funston
  #6  
Old September 21st 09, 05:02 PM posted to rec.aviation.soaring
SAM
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Posts: 4
Default Life insurance for sailplane pilots - US

On Sep 16, 6:37*am, 5E wrote:
Didn't see anything about this in the archives.

Anyone with a recommendation/good experience to share?


AIG, via Matrix Direct got $500k for $900/yr. I'm 49, no smoking last
20 years, overall good health.
 




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