Pilot Life Insurance – Commonly Asked Questions

1.     Why do I need pilot life insurance?
Buying life insurance is one of the most important things you can do to protect your family should an accident ever occur. You are insuring the people who depend on your income, such as your spouse and children, so they will not have to endure a major sacrifice of their lifestyle because you died long before anyone expected.

In many cases, your conventional life insurance policy excludes coverage when piloting or crewing an aircraft. At Alpha Risk Management, we make sure your policy has no aviation exclusions, in addition to being comprehensive and cost effective for your needs.

2.     How do I determine how much life insurance is best for me and my family?
Take into consideration all the projected income you would have earned over the years, as the death benefit should be large enough for your family to make mortgage payments, college tuition, etc. The benefit can also be a source of liquid cash, which your family might need to pay estate taxes.

3.     How do I determine the best type of life insurance to buy?
Everyone’s situation is different, so it’s best to talk this over with your insurance agent. It depends on how much coverage you need, how much you can afford and what other type of investments you might have.

4.     How do life insurance companies calculate my annual premiums?
There are many factors, including your health history, your age and your lifestyle.

5.     Why should I use Alpha Risk Management to purchase my life insurance?
Our years of experience has led us to form relationships with top rated underwriters that help us to obtain pilot life insurance coverage at preferred rates not available from other aviation insurance agencies.

6.     Will my life insurance cover all risks, or just when I’m in flight?
Your life insurance will cover all risks and will not exclude coverage when piloting an aircraft, as some life insurance policies do.

7.     If I’m accepted, how long will it take for the policy to take effect?
Once your application has been approved and we’ve received your first payment, your policy will go into effect.