Specialist Loss of Licence Insurance for Expatriate Pilots
Written by Sam Barrie on February 19, 2017.
It takes many years of training and flying hours to obtain a commercial aviation licence. So what happens if you incur a serious accident or suffer deterioration of health which prevents you from flying and earning a living?
Having likely spent your whole career in aviation, you’d be extremely lucky if you were to start a new career on a similar salary and so there is a huge necessity for support should you find yourself in this position. Airlines will often give a certain level of aid for when you are ‘grounded’ but this is likely to be only for a few months, and offer only a percentage of what you’d receive whilst flying.
Loss of pilot's licence cover gives you that peace of mind should anything happen to you, disabling you from flying. It will pay out a lump sum should you incur a permanent total disablement (PTD) or a monthly income if you’re only temporarily unable to perform your duties. You are also able to ‘top up’ your existing company’s group policy if this is inadequate to cover your current outgoings. Coverage also extends to psychological conditions and alcohol and drug related illnesses.
I’ve provided advice for pilots for a number of years now and understand their liabilities and financial planning priorities.
If you have any questions, would like a discussion, or would like me to generate a quote – please feel free to get in touch and I’ll be happy to assist.
Phone: +6017 3499 686