Best life insurance, income protection and critical illness cover in 2021 for pilots
Latest figures show there are approximately 28,000 Private Pilot Licence holders, and 10,000 certified glider pilots in the UK. Some of the 19,000 pilots who hold professional licences are also engaged in general aviation from more than 1,800 aerodromes and landing sites, ranging in size from large regional airports to farm strips. The general aviation industry, which is around 7 per cent the size of its CAT cousin, employs 12,000 people, and contributes £1.4 billion to the UK economy.
For anyone working as a pilot, life insurance is an essential insurance policy to have. No pilot wants to consider death, but all pilots want to make sure their loved ones are protected financially should the worst happen.
Aviation used to be a standard exclusion under most typical life insurance policies. However, with regular medical exams and improved safety records, piloting is now rarely excluded from standard life insurance policies. Insurers just need to understand your specific activities to price your policy as accurately as possible, most likely at the same level as standard for someone with your individual circumstances regardless of whether they are a pilot.
Pilots' life insurance will pay a lump sum to your loved ones which will allow them to pay off your mortgage and any other outstanding debts, cover your funeral expenses and even provide a lump sum or a regular income to your dependents replacing your earnings for a period of time that you select.
To help pilots choose the right type of policy and insurer, it costs nothing to speak to our highly-trained award-winning advisers that are available via the 30-second application form on the button below.
WeCovr works with only FCA-authorised insurance experts that specialise in underwriting pilots. They are not tied to any one insurance provider, which allows them to provide you with the best life insurance offers if you work as a pilot.
The cost of life insurance is going to vary with the specific type of activities undertaken, your health situation, smoking habits and other key factors.
Pilots' Life Insurance Cover - Questions you may be asked
- Whether you fly for commercial or private reasons
- The type of aircraft flown and years of experience as well as flying hours per year
- Licenses held
- Locations you fly
- The level of life insurance cover required
- How many years the policy is required to last
- Who are the beneficiaries of your life insurance cover?
For a fast, free, no-obligation quote for Pilots' Life Insurance cover you can fill in a quick form available by tapping the button below.
Income Protection Cover for Pilots
WeCovr can provide competitive income protection cover quotes. If you are unable to work due to illness or injury, by having income protection cover you will be paid a regular income. Typically, the policy will pay out after a pre-agreed period which can vary from one month to one year after you make a claim.
As with life insurance cover, the riskier your occupation, the higher the perceived risk. Some of the common questions asked to formulate a quote can include:
- What level of income will you require?
- What is your current occupation as a pilot?
- Outline tasks involved in your daily activities
Critical Illness Cover for Pilots explained
Critical Illness Cover is designed to pay out a lump sum if you have to go through a medical procedure or are diagnosed with a critical illness and survive at least ten days from diagnosis. The lump sum amount is to assist dependents financially while letting you concentrate on your diagnosis and recovery without having to worry about finances.
The list of illnesses that are part of critical illness cover includes but are not limited to some of the following:
- Alzheimer’s disease
- Multiple Sclerosis
- Some types of cancer
- Heart attack
To offer you best value-for-money insurance plans, WeCovr's insurance partners will need to ask several questions, including:
- How long do you want your policy to last?
- Do you want level or decreasing cover?
- Do you want to add a terminal benefit to your critical illness cover?
Get a free, no-obligation quote today for Pilots' Life Insurance cover – protect your family!