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 12.17.14 ** HD iPad-Friendly -- Airborne 12.17.14 **
** Airborne 12.15.14 ** HD iPad-Friendly -- Airborne 12.15.14 **
** Airborne 12.12.14 ** HD iPad-Friendly -- Airborne 12.12.14 **

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

Airborne 12.17.14: Evergreen Woes, Foolish Pilot Tricks, No 757 Replacement--Yet

Also: $1M Aero-Photo, Draken Gets A-4s, 'Super Dell' Acts Super Dumb, Legendary Bell 47, Osprey Hours Evergreen Vintage Aircraft, LLC, the company that owns many of the aircraft on>[...]

Aero-TV: Redbird's Roger Sharp -- Pushing The Aero-Educational Envelope

One of The Most Important Aspects of GA is Flight Training... But Is The Industry Keeping Up With The Times? While at the Redbird Migration 2014, ANN CEO and Editor-In-Chief, Jim C>[...]

Aero-News: Quote Of The Day (12.19.14)

"This sale enables us to focus on improving Heathrow for passengers and winning support for Heathrow expansion." Source: John Holland-Kaye, Chief Executive of Heathrow.>[...]

AD: Airbus Airplanes

AD NUMBER: AD 2014-25-06 PRODUCT: All Airbus Model A300 series airplanes; Airbus Model A300 B4-600, B4-600R, and F4-600R series airplanes, and Model A300 C4-605R Variant F airplane>[...]

ANN's Daily Aero-Linx (12.19.14)

How GPS Works We know it sometimes seems like a magic box that knows all and tells all, but the basics of how your GPS works are really pretty simple.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC