Corporate Life Insurance Policies

[Jonathan Sorger]

So, I'm a freshly minted father, freaking out about life insurance
policies (250 hour pilot, IFR).

From what I have read in the past from this group, insurance policies
tend to have aviation exclusion riders.

Starting a new job 2 weeks ago, I asked our HR rep about such an
exclusion in our corporate policy and after researching it for a week,
she sent me a copy and said "no exclusions"

The AD&D policy does have an explicit exclusion (unless I happen to be
PIC of the corporate Citation!), but I can't find anything in the life
insurance policy.

It's probably a standard policy (Prudential is the underwriter). When I
called Prudential to verify, they redirected me to the Corporate
Benefits Department, who once again said "no exclusions"

Of course, if I ever need the policy I won't be around to fight for the
payments. The rates are pretty low ($230/year for 0.5M coverage, which
is all I need at this point).

I have three emails stating "no exclusions". Should I get it signed, on
a piece of paper? Should I be so paranoid? I think so.

[Robert M. Gary]

On my corporate life policy there is no restriction on the general
policy but the AD&D is not in effect. So it means I have 1/2 coverage
($1M general plus $1M extra for AD&D). This was the same with my last
company too. Of course if I get sick and die I also only have the $1m.
However, I can ride a motorcycle on the freeway, something much more
dangerous than my flying profile (although perhaps not for "average"
pilots).

-Robert

[BTIZ]

most insurance companies ask when you apply for the insurance if you
fly/dive/smoke etc..
at the time you answered, the answer was correct, no problem

any new policies you may purchase may ask, look for a company that will
insure casual pilots, that is, pilots who fly for pleasure and not for
business..

based on all you know, I'd say you are "good to go", just store those
answers with your copy of the policy, so at least the "survivor" can have it

BT
"Jonathan Sorger" > wrote in message
...
> So, I'm a freshly minted father, freaking out about life insurance
> policies (250 hour pilot, IFR).
>
> From what I have read in the past from this group, insurance policies
> tend to have aviation exclusion riders.
>
> Starting a new job 2 weeks ago, I asked our HR rep about such an
> exclusion in our corporate policy and after researching it for a week,
> she sent me a copy and said "no exclusions"
>
> The AD&D policy does have an explicit exclusion (unless I happen to be
> PIC of the corporate Citation!), but I can't find anything in the life
> insurance policy.
>
> It's probably a standard policy (Prudential is the underwriter). When I
> called Prudential to verify, they redirected me to the Corporate
> Benefits Department, who once again said "no exclusions"
>
> Of course, if I ever need the policy I won't be around to fight for the
> payments. The rates are pretty low ($230/year for 0.5M coverage, which
> is all I need at this point).
>
> I have three emails stating "no exclusions". Should I get it signed, on
> a piece of paper? Should I be so paranoid? I think so.
>

[Robert M. Gary]

> most insurance companies ask when you apply for the insurance if you
> fly/dive/smoke etc..
> at the time you answered, the answer was correct, no problem

I've never had a corporate life insurance company ask any of these
questions. Private life insurance yes, corporate no.

-Robert

[BTIZ]

"Robert M. Gary" > wrote in message
ups.com...
>> most insurance companies ask when you apply for the insurance if you
> > fly/dive/smoke etc..
>> at the time you answered, the answer was correct, no problem
>
> I've never had a corporate life insurance company ask any of these
> questions. Private life insurance yes, corporate no.
>
> -Robert

True, I was referring to buying personal insurance, not being covered in a
"term" policy under an employer.
BT