Pilots Disability Insurance: FAQs

Q. What is pilot disability insurance?

Pilot disability or loss of license insurance provides income protection in the situation that a professional pilot temporarily or permanently has his or her pilot license suspended due to loss of medical certificate.

Q. Who is eligible for pilot disability insurance?

Professional pilots including but not limited to commercial, corporate, cargo, test, and agricultural pilots. The insurance is available for US citizens or non-US citizens in any part of the world.

Q. What is the maximum amount of loss of license coverage I can purchase?

The maximum coverage amount you can purchase pays benefits of $25,000 per month.

Q. What is the elimination period?

The elimination period is the period of time the insured must wait after the injury or loss of license before he or she begins to receive benefits.

Q.What is the benefit period?

The benefit period refers to the number of months in which the benefits will be paid during a period of disability.

Q.What is the maximum benefit period?

Loss of license insurance benefits may pay up to 60 months.

Q.What is the mode of payment?

Premium payments can be on monthly, quarterly, semi-annually, annual or single premium basis.
All premium payments are available on an electronic transfer or credit card deduction. Certain premium modes may be paid by check.

Q. Can this plan be renewed?

A new term of insurance may be offered at the expiration date, subject to underwriting.

Q. How long do I have to wait before my benefits are paid?

It depends on the elimination period. There is a variety of elimination periods available.

Q. Does loss of license insurance cover me for FAA violations?

Loss of license insurance only covers illnesses, injuries, and disabilities that result in the loss of your pilot license. Other reasons that result in loss of license are not covered.