Aviation consideration can fly in many directions (pun intended). However, the basis of consideration rests on experience and safety standards. Private pilots that are adequately trained and fly enough to stay abreast of the activity have greater opportunities at preferred consideration. Also, commercial pilots who fly on a schedule or if non-scheduled but have the same safety standards as scheduled flights, can also be considered at preferred. Well, what can cause a rating? The most popular areas that result in ratings involve the following:
- Not flying enough per year (not familiar enough)
- Flying too much per year (increased chance of accidents)
- Hazardous activity such as helicopter flying, fire/emergency flying or air traffic control
- Experimental or Acrobat flying
Do you have an underwriter with experience on your side? Partners Advantage can help. Contact Lisa “Lee” Morris at 888-251-5525, Ext. 199 or email lmorris@partnersadvantage.com.
Fly High my Friends!
For use with financial professional only. Not for public distribution.
Partners Advantage Insurance Services and their representatives do not give tax or legal advice. The material in this blog is provided for informational purposes only and should not be construed as tax, legal or underwriting advice. Additionally, the information presented here does not consider the impact of applicable state laws upon clients and prospects.
Guarantees and benefits are based on the claims-paying ability of the issuing insurance company. Keep in mind that most life insurance policies require health underwriting and, in some cases, financial underwriting. Each case is individually underwritten as the severity of medical conditions varies among individuals. Formal underwriting evaluation and pricing is based on the individual characteristics of each case.
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