Pilots 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.
Pilots Disability Insurance: FAQs
Q:
What is pilots disability insurance?
Q:
Who is eligible for pilots disability insurance?
Professional pilots including but not limited to commercial, corporate, cargo, test, and agricultural pilots. The insurance is available for U.S. citizens or non-U.S. 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?
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?
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.
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