PPIP (Life Insurance)

[floats4fun]

Hey everyone,


It's that time of life hehe. I am starting to do some homework on life insurance. One broker I have been in talks with has already mentioned aviation questionaires and possibly higher rates because I am a pilot. Another guy told me it shouldn't affect the quote, and to sign on the dotted line.

I have looked into PPIP and like the fact they not only have life insurance plans, but loss of medical plans/coverage as well.

I have used the search function, but most threads that I have read through are a few years old. I
am in search for more opinions of PPIP should you have them, what type of coverage do you have, and are you satisfied with PPIP overall?


Thanks!

[Beefitarian]

I have turned down offers for life insurance because they had a clause about if you die in an aircraft you are piloting. I had to tell them repeatedly, "I'm a pilot. This is no good for me." Obviously that was back when I flew more.

I would not trust the guy that said it shouldn't affect the quote. Insurance often seems like a game of, "How can we not pay out." The better policy seems more expensive unless you need to use it.

[justwork]

I used a broker. $20 a month for $750,000. Being a pilot made zero difference in my policy. I don't know what PPIP is but if you use a insurance broker and tell them you're a pilot, they'll find a policy for you.

[StandingBy]

I use PIPP to insure myself and my wife. It's about 70/month for 500k each. My colleague does the same; he had an pilot friend lose his wife, and PIPP paid out as advertised. My understanding is that the requirement of an ATPL and Cat 1 medical takes a bit of the risk out of the equation for them (as opposed to insuring recreational pilots). Hence the reasonable premiums. That is just an assumption on my part.

[Cessna 180]

Has anyone had any luck disability and extended benefits? Sunlife wanted more money since I was a pilot (extended benefits). I have Canadian and US CPL with Cat1/Class 1 medical.