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Life Insurance, Critical Illness Cover and Income Protection for Flying Instructors
Example Occupations: Glider pilot, helicopter pilot
Possible Risks: Environmental factors, equipment malfunction, heights
Occupational Duties: Training people to fly safely, providing flight experiences for individuals, health and safety
Life Insurance for flying instructors might be available at standard terms if you approach the right insurance provider and are based within the UK. If you work abroad it is possible that the insurer may offer you non-standard terms (premium increase) based upon the geographical location that you are in and/or the amount of time that you spend out of the UK per year.
If you are a reservist in the Armed Forces this may impact upon the terms of Life Insurance available to you and you should discuss this with your insurance advisor.
If you are a member of the Armed Forces please visit our dedicated page here.
Critical Illness Cover
Critical Illness Cover for flying instructors may be available at normal terms with some insurers. There is not a blanket criteria for meeting a standard terms definition for Critical Illness Cover, with select insurance providers reviewing applications on a case by case basis.
Where standard terms are not available because of your flying, you may find that an occupational exclusion is placed on the policy claims set. This will mean that should you suffer a critical illness whilst at work you will be unable to make a claim on the policy. Whilst this does not sound ideal it is important to note that many conditions that are claimable within a Critical Illness policy are not the kinds of conditions that could be caused by your occupation as a flying instructor e.g. terminal illness, cancer etc.
Income Protection for flying instructors may be available with some insurers but you will need to ensure that you place your application with an insurance provider who will even consider the cover. Your Income Protection application will need to detail the airspace that you fly within, the amount of air time you fly in any given year and if you have had any extended periods of time off work in the past. You should try and get an ‘Own Occupation’ definition for the cover as any claim that you place will be based upon your ability to work as a flying instructor. Alternative definitions of ability to work are ‘Suited Occupation’ or ‘Any Occupation’ in which you will be assessed on your capacity to work in any like job or any job at all, respectively.
Any Income Protection policies you apply for will come with a deferment period of 1 day, 1 week, 4 weeks, 8 weeks, 13 weeks, 26 weeks or 52 weeks. This is the time in which you must wait before you can place a claim on you policy, from the moment that you are unable to work. When selecting the deferment period for your policy you should consider any employee benefits that you have, savings that are in place and your budget for the policy. Our insurance providers are able to help you determine which deferment period best suits your individual circumstances.
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