Life Insurance for Pilots

Getting life insurance for pilots can be tricky, but you can get coverage. How much your life insurance coverage costs will depend largely on how regularly you fly, how much training you have, and whether you fly for fun or work. Read more to get the specifics on pilot life insurance.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Jul 19, 2021

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Quick Facts

  • Life insurance rates for professional pilots are often no different than other professions
  • Some life insurance providers will require an aviation exclusion rider in order to provide insurance
  • Student pilots and enthusiasts may have to pay higher rates in order to secure life insurance

Flying planes and other aircraft can increase your life insurance rates, but it also may not increase your rates at all. Insurance company underwriters will want to know how and why you fly.

Affordable life insurance for professional pilots, generally speaking, is not much more expensive, if at all, than any other profession. However, a pilot’s occupational rating can affect their life insurance rates.

If you fly for fun and not for work, life insurance companies may label you high-risk. This will affect the types of life insurance policies you can get, and how much they will cost.

Read on to learn about the best life insurance for pilots, and enter your ZIP code to start comparing life insurance quotes for pilots now.

Do life insurance companies cover pilots?

Yes, pilots can get life insurance. Pilot life insurance companies look at several key things when insuring pilots.

  • How often you fly
  • Why you fly (work or fun)
  • Level of training received

Life insurance companies use this information to determine how to underwrite your coverage. Each insurance company also has their own occupational rating system that also factors into how much your coverage costs. This is based on the risk associated with your profession.

The Best Life Insurance for Pilots

Every pilot and person is unique in the eyes of the life insurance companies. The way your flying will be treated on your life insurance may vary from other pilots you know. Keeping this in mind, there is no clear answer to what is the best life insurance for pilots?

Take a close look at the table below to get a general idea of how the leading life insurance providers classify pilots.

Life Insurance Options for Pilots

Life Insurance CompaniesCommercial Pilot Life InsurancePrivate Pilot Life InsuranceStudent Pilot Life Insurance
AIGPreferred plus for corporate pilots if aircraft is company-owned and maintained at the same standards as a commercial aircraft and flies within the US and Canada onlyStandard plus with a flat extra fee depending on hours in flight and where pilot fliesStandard plus with a flat extra fee
Banner LifePreferred Plus and Preferred available for commercial pilots with regularly scheduled flights flying within the US and CanadaStandard plus depending on hours in flightStandard with a flat extra fee
Lincoln FinancialPreferred PlusPreferred depending on hours flown, age, background, and limited to flights within the US and CanadaStandard with a flat extra fee
Mutual of OmahaPreferred PlusPreferred Plus depending on hours in flight with flat extra feePreferred with flat extra fee
Pacific LifePreferred Plus, with a flat extra depending on individual circumstancePreferred depending on hours in flight, age, type of aircraft flown, and instrument flight ratingUp to underwriter jurisdiction
PrincipalPreferred PlusPreferred Plus depending on hours in flightStandard Plus with a flat extra fee
ProtectivePreferred PlusPreferred with a flat extra fee depending on hours in flight and ageStandard Plus with a flat extra fee
PrudentialPreferred Plus depending on years of experience and type of aircraftPreferred depending on hours in flight and years of experienceStandard Plus with a flat extra fee
SBLIPreferred Plus within the US and CanadaStandard depending on hours of experience with a flat extra feeStandard depending on hours of experience with a flat extra fee
TransamericaPreferred PlusPreferred depending on hours in flightPreferred with flat extra fee
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The table above gives you a pretty good idea about how pilots are classified by insurance companies. You may have noticed terms in the table like preferred or standard plus, and you may wonder what they mean. Those terms are life insurance classifications.

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Life Insurance Classifications for Pilots

Preferred plus is the best possible life insurance term you can hope for. This classification type has the lowest possible premiums because life insurance companies expect these individuals to live the longest.

Preferred is a classification just under preferred plus. These individuals still get great preimum rates on their life insurance, but there are minor stipulations that keep them from getting the best rates possible of the preffered plus classification.

Standard plus life insurance classification is given to those who are deemed to have an average life expectancy. The life insurance rates in this classification are right at average. This classification is right in the middle.

Standard life insurance classification is still expected to have an average life expectancy, but there are higher premiums than standard plus.

Substandard is a multi-tiered classification that helps insurance companies rate individuals with complicated histories. If you end up in the substandard classifications, you will pay the most for life insurance coverage.

Applying for Life Insurance

Every insurance company treats pilots differently. Getting good life insurance can be a long process. Pilot insurance is not cheap, but depending on who you work for it could be included in your benefits.

Pilots, and other professionals, who work for the FAA receive life insurance benefits. If you fly professionally, speak to your employer about the potential benefits you receive. You may be suprised to learn that you life insurance benefits.

Whether you fly for fun or for work, you can get life insurance as a pilot. The key is to find the best policy. Enter your ZIP code below to start comparing life insurance rates today.

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