Pilots Life InsuranceThe facts about getting pilots life insuranceInsurance for pilots will often be considered standard cover and pilots life insurance should be easily obtainable with standard terms. However, for military or helicopter pilots, and flight instructors’ pilots life insurance may receive some loading as these are considered higher risk. During your application for pilots life insurance your insurance company will need full details of your flight activity and may even require your medical history.What does pilots life insurance cost?The amount your pilots life insurance costs will depend on your type of aviation. Some questions your may be asked during your pilots life insurance application are: What type of aviation? What is your medical history? How many private pilot hours have you logged? Do you work with helicopters?Your premiums for pilots life insurance will also depend on: Sum assured (£’s) Term of cover (years) Type of policy (e.g. Family, Mortgage, Whole of Life etc.)Pilots life insurance rates/ratingsFor the majority of pilots, pilots life insurance cover should be obtainable with standard terms. If any of your activity is considered higher risk, your premiums for pilots life insurance may be increased. Underwriting criteria for pilots life insurance is different for every insurance company so it’s important to remember you may obtain pilots life insurance elsewhere if you have been declined previously.Percentage (%) loading for pilots life insurancePercentage loading for pilots life insurance would raise your monthly pilots life insurance premiums by a set percentage. Insurance companies will usually increase pilots life insurance premiums if they believe there is an additional risk of claim. If you are a military or helicopter pilot, this is usually seen as higher risk by insurance companies and you are likely to have your pilots life insurance premiums increased. The maximum level of loading available is different for every provider, so you may still be able to obtain pilots life insurance at higher levels of loading (e.g. 250%, 400%) if necessary.EXAMPLE:Basic premium% loadingFinal premium£20.0050%£30.00£20.00100%£40.00£20.00150%£50.00£20.00200%£60.00£20.00250%£70.00Per mille loadings for pilots life insurance‘Per mille loading’ is only rarely applied in very severe cases, as such you are unlikely to see ‘per mille loading’ applied to your pilots life insurance premiums. If applied, ‘per mille loading’ would raise your pilots life insurance premiums by a set amount (e.g. £1, £2) per thousand £’s of cover. Although this method of loading could seem very expensive, it is actually very flexible and can be applied to pilots life insurance for specified periods.Exclusions for pilots life insurance, critical illness cover or income protectionIf an ‘exclusion’ is added to your pilots life insurance, you will be unable to claim for anything that is related to your occupation. ‘Exclusions’ may be added to your policy if your insurance company believes there is additional risk of you claiming against your pilots life insurance policy. This could be due to occupational hazards (e.g. military pilots, helicopter pilots) or other risk factors such as family or medical history. If you choose to agree to a pilots life insurance policy with an ‘exclusion’, be sure to check your policy very closely. ‘Exclusions’ could also prevent you from accessing additional benefits such as Total and Permanent Disability, Waiver of Premium and Guaranteed Insurability.How much cover do I need?Without knowing your personal circumstances, we can’t tell you how much pilots life insurance you will require. We can provide a few guidelines that could help you to make an informed decision about your pilots life insurance. It’s important to note that your pilots life insurance premiums may increase after underwriting, and this could affect your policies affordability.Pilots life insurance amounts of cover The amount left to pay on your mortgage. Any outstanding debt (e.g. Loans, second charge, credit cards and other) Dependants Spouse or Partner Annual Income (after Tax) Any financial assets (e.g. car, house, business etc.)If you feel unsure or require more information to decide how much pilots life insurance you will require to secure your family and home, see our Iam Insured insurance calculator .Pilots critical illness cover amountsCritical illness cover insurance for pilots, will often be obtained with standard rates. Pilots life insurance critical illness cover will provide a tax-free lump sum, should you become unable to work. Any loading or ‘exclusions’ applied to your pilot’s life insurance critical illness cover is likely to come from other factors such as family or medical history. However, pilots life insurance critical illness cover will likely exclude Total and Permanent Disability benefits. When deciding the amount of pilot life insurance critical illness cover you may need, think about: Your annual Income (after Tax) Mortgage/rental payments (annual) Cost of living (annual) Any other potential costs (e.g. medical treatment or adaptations)Pilots income protection amounts of coverIncome protection insurance for pilots will often be easily obtainable. This type of pilots life insurance, like critical illness cover, will provide monthly payments if you become unable to work. Any premium loading or ‘exclusions’ to your pilots life insurance policy will depend upon other risk factors like occupational hazards or medical history. When deciding how much pilots life insurance income protection cover you should apply for, consider: Monthly income (after tax) Mortgage/rent payments Debts (other) Cost of livingWhich insurance companies offer pilots life insurance?Pilots life insurance should be obtainable for most commercial pilots with standard terms. For more high-risk types of aviation such military or helicopter pilots, premiums for pilot’s life insurance may be increased. If you are looking for advice and/or guidance Iam Insured can help.Iam Insured are a pilots life insurance specialist and can help you find the best rates for your pilots life insurance. Iam Insured are authorised and regulated by the financial conduct authority and registered in England and wales. To contact one our pilots life insurance experts, call us now on or send us an email .Pilots critical illness cover and income protection providersLike pilots life insurance, critical illness cover and income protection should be obtainable at standard rates for most commercial pilots. If you are having difficulty find the right pilots life insurance policy, or have been declined in the past, consider contacting Iam Insured. Iam Insured can help provide the advice and/or guidance you need to find the right pilots life insurance policy for you.