AVEMCO To Offer Pilot Life Insurance | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 05.21.18

Airborne-UnManned 05.22.18

Airborne 05.16.18

AMA Drone Report 05.17.18

Airborne 05.18.18

Airborne-YouTube

Airborne 05.21.18

Airborne-UnManned 05.22.18

Airborne 05.16.18

AMA Drone Report 05.17.18

Airborne 05.18.18

Sun, Feb 13, 2005

AVEMCO To Offer Pilot Life Insurance

Joins Pilot Insurance Center To Offer Term Life Policies

Avemco Insurance Company, the only direct writer of property and casualty insurance for general aviation in the US, regularly receives requests from its customers for information on life insurance for pilots.  Over time, it became obvious to Avemco that the flying public wanted life insurance that did not penalize them for being pilots, from a source that shared Avemco’s passion for customer service.

Avemco researched the market and discovered that there already exists an excellent source for pilot-friendly life insurance, the Pilot Insurance Center. Avemco has now announced that it has entered into a collaborative effort with PIC to make life insurance more widely available to pilots. 

Jim Lauerman, Avemco’s Chief Underwriting Officer, explained that, “PIC confirmed to us that most life insurance carriers charge a steep extra surcharge for general aviation flight activity or exclude it from their policies. We discovered that this situation is caused by a lack of knowledge and understanding of general aviation in the life insurance industry.”

“We believe that these practices represent a disservice to pilots,” Lauerman, a pilot himself, continued, “that’s why we contacted PIC.  They’ve done their homework by negotiating with some of the country’s top life insurance companies for the best life insurance for pilots. We will bring our experience, expertise, and passion to serve the GA public to the relationship. It will be a winning combination for the flying public.

Avemco will be sponsoring term life policies underwritten by well respected insurance companies that have products tailored to GA pilots. Building on Avemco’s relationship with the pilot community, as well as its reputation in helping pilots be safer, makes Avemco the natural vehicle for such a term life insurance product.

Bill Fanning, President of PIC, put it this way: “We were able to get some special considerations built into these policies, so we can write for a pilot, at a non-pilot rate.” Fanning, who is also a pilot, explained how this was possible. “Most insurance carriers were surcharging pilots.  We presented them with new data about GA flying that they had not previously considered in their underwriting.  Using PIC's unique criteria they were able to give us exclusive pilot-friendly rates that offer truly preferred premiums for most pilots.”

The Avemco-Sponsored Term Life Insurance Program is administered by the Pilot Insurance Center.  Avemco Insurance Company will not be underwriting the term life product. Term life products offered through this program are underwritten by A.M. Best “A+” (Superior) or better rated carriers who specialize in life insurance products.

FMI: www.avemco.com

Advertisement

More News

Old Data Reveal New Evidence Of Europa Plumes

Scientists Are Looking Again At Data Collected In 1997 Scientists re-examining data from an old mission bring new insights to the tantalizing question of whether Jupiter’s mo>[...]

WFPS Unmanned Aerial Vehicle Program To Take Flight

Aircraft Equipped With Thermal Imaging Cameras This June, the Winnipeg Fire Paramedic Service will launch its Unmanned Aerial Vehicle program, which will allow for safer, quicker, >[...]

Aero-TV: IXI Dronekiller - For When Good Drones Go Bad

Designed To Disable All Types Of Drones IXI Technology displayed its "Drone Killer" at AUVSI earlier this month. According to the company, the Drone Killer disables Unmanned Air Ve>[...]

ACI Europe & EASA Workshop For Aerodromes Planned

Will Be Held June 14 At Frankfurt Airport In Germany Few measures have proven more effective than the collection and analysis of data for building safety in aviation. Occurrence re>[...]

Canada Invests In Transportation Infrastructure In Nunavut

Will Support Projects At First Air Operations In Iqaluit And Five Airports The Government of Canada supports infrastructure projects that create quality middle-class jobs and boost>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC