Traditional Life Insurance for Stunt Pilots
Increased Premiums and Flat Extras:
- Traditional life insurance policies are available for stunt pilots.
- Premiums are generally higher due to the increased risk associated with the profession.
- A “flat extra” is often added to the policy. This is an additional fee that accounts for the higher risk.
Alternative: Lloyds of London Policies
Specialized Coverage for High-Risk Occupations:
- Lloyds of London offers policies tailored for high-risk occupations, including stunt pilots.
- These policies are designed to accommodate the unique risks stunt pilots face.
- They might provide more flexible terms compared to traditional life insurance policies.
Comparing the Two Options
- Traditional Life Insurance:
- Standard coverage but at a higher cost.
- Includes a flat extra fee due to the risky nature of stunt flying.
- Lloyds of London:
- Specializes in high-risk occupations.
- Potentially more accommodating for the specific needs of stunt pilots.
Insurance Options for Stunt Pilots
|High + Flat Extra
|Stunt pilots wanting familiarity
|Lloyds of London
|Tailored for High Risk
|Stunt pilots with specific needs
Stunt pilots can obtain life insurance, but they face higher premiums and additional costs like flat extras with traditional policies. An alternative is seeking specialized policies from organizations like Lloyds of London, which cater to high-risk professions. Each option has its advantages, depending on the individual needs and circumstances of the stunt pilot.
Contact us today for a free quote.
Request A Quote
Get help or a quote from a licensed financial professional. This service is free of charge.