Life Insurance for Pilots

Get My Instant Quotes
Compare Top UK Insurer Quotes Logos

Life Insurance pays out on your death, offering a cash lump sum to your loved ones to help see them through any financial bumps in the road your absence causes.

Common uses for Life Insurance include protecting outstanding mortgages or other debts, covering funeral costs, leaving a lump sum legacy for loved ones or simply replacing your income.

You can use Life Insurance however you see fit, allowing you to choose the best option for your family.

Opt to include Critical Illness Cover to protect against the risks of illnesses such as heart attack, cancer and stroke.

Can Pilots Get Life Insurance?

In most cases, commercial pilots won’t have trouble obtaining Life Insurance. Of course, this will be subject to your medical history and the level of risk you present to the insurer, but for the most part those flying commercially for airlines such as British Airways, Virgin, easyJet etc. won’t have much preventing them from getting cover.

Helicopter pilots can sometimes have more difficulty obtaining Life Insurance depending on the nature of your work. Riskier helicopter pilot jobs such as providing transport to oil rigs or flying for the military could make it trickier to get Life Insurance.

This said, Drewberry has placed risk for hundreds of pilots over the years and has had a great deal of success in matching pilots with Life Insurance, so it always pays to have a conversation about cover regardless of how, when and what you fly.

What Does Pilots Life Insurance Cover?

  • Death
    Should you pass away during the life of your policy, it will pay out a cash lump sum (or potentially an income, depending on the type of insurance) to your beneficiaries.
  • Terminal Illness
    The vast majority of Life Insurance policies will pay out early if you’re diagnosed as terminally ill (usually defined as having fewer than 12 months to live).
  • Critical Illness
    If you add Critical Illness Cover and Life Insurance together, you get a policy that will pay out not just on death but also if you’re ever diagnosed as critically ill.

Types of Life Insurance for Pilots

There are several types of Life Insurance for you to consider as a pilot, such as:

  • Level Life Insurance
    Here the sum assured (what you’ll receive on death) remains fixed for the whole policy term. You’ll receive the same amount if you die during the first year of the policy as if you died in the final year. As such, it’s commonly used to protect an interest-only mortgage or cover other costs which will remain fixed over time, such as offering a level of family protection.
  • Decreasing Life Insurance
    The sum assured falls over the term of the policy, reaching zero by the end of the policy’s life. It’s used to cover liabilities such as repayment mortgages, where the amount outstanding also falls over time and so you need less and less Life Insurance as time goes on given your liability is decreasing each year.
  • Family Income Benefit
    Family Income Benefit is a little different from Level and Decreasing Life Insurance in that it pays out a regular income to your loved ones for the remainder of the policy term rather than a single lump sum. This can make it easier to manage the payout from a policy, which can feel overwhelming for some people when it comes as a large lump sum.
Compare Top 10 UK Insurers
Takes approx. 60 seconds
  • £

Do I Need Life Insurance?

While not something anyone wants to think about, and while the risk of death is fortunately low for the average healthy adult in the UK, the reality is that tragedy could strike when you least expect it and so having protection can be incredibly valuable should the worst happen.

While death may not be likely today or tomorrow, especially as a pilot who needs to be in top shape to pass all the physicals required to retain their licence, the point of most Life Insurance policies is to protect you for the long run e.g. over the term of a mortgage.

It’s here that the risk of death starts to get larger when you consider it over the longer term.

The risk of death for a healthy, 30-year-old man over the next 10 years is 1 in 85. However, when you extend this period to 25 years, which is around the typical length for a mortgage, the risk rises to 1 in 18.

Life Insurance tends to be one of the least expensive insurances on the market, especially if you’re young and healthy. Given this, if you have a family and liabilities such as a mortgage, it tends to make sense to take out Life Insurance as soon as possible rather than delaying until you’re older or have unfortunately developed a health condition that could push up premiums.

Life Expectancy CalculatorA bit morbid we know, but this tool works out the risk of you passing away based on ONS Life Expectancy Data
  • years
  • years
blue backgroundwoman with umbrella

How Much Does Life Insurance Cost?

It’s difficult to put a figure on how much Life Insurance costs for pilots because each individual is different and will have different policy factors and personal needs from their Life Insurance, all of which will impact the price.

Policy Factors Affecting the Cost of Life Insurance

  • Length of Cover
    The number of years you require the cover for will impact the price of the policy. The longer the period Life Insurance is required for and the older you’ll be at the end of the policy, the more it will cost because the insurer will be taking on a higher risk by insuring you to an older age.
  • Level of Cover
    The amount of insurance you need will affect the cost of cover, with higher amounts naturally costing more to insure.
  • Type of Premium
    You can have guaranteed or reviewable premiums when it comes to Life Insurance. Reviewable premiums may be cheaper at the outset, but they can be raised over the course of the policy as the insurer sees fit. In general terms, guaranteed premiums work out cheaper over the full policy term as they won’t increase over time.

Personal Factors Impacting the Cost of Life Insurance

  • Age
    The older we are, the higher the risk of passing away and so premiums will increase based on your age at the start of the policy.
  • Smoker status
    Smoking shortens lifespans and raises the risk of deadly illnesses, so smokers pay higher premiums — sometimes at least double — than non-smokers.
  • Current state of health
    Any pre-existing medical conditions you have, as well as your height and weight, will all be considered when calculating the cost of Life Insurance premiums.

How Much Pilots Life Insurance Costs

In the table below, we’ve outlined the cost of Life Insurance for a pilot of three different ages, wanting £250,000 of cover for 25 years on a level and on a decreasing term basis.

To get these quotes, we’ve assumed:

  • No critical illness cover
  • The individual is a non-smoker
  • They are a commercial pilot
  • The individual is in good health
  • They need £250,000 of cover over 25 years.

Age

Decreasing

Level

25

£6.00

£7.41

35

£8.90

£12.34

45

£18.12

£27.56

As you can see, pilots Life Insurance can be obtained pretty inexpensively if desired, with premiums starting at less than £10 a month for a healthy, non-smoking, 25-year-old pilot. For personalised quotes applicable to your situation, please don’t hesitate to get in touch for fee-free advice.

Curved wave background

Frequently Asked Questions

    Curved wave background

    Compare Best Pilots Life Insurance

    aegon

    Aegon

    Aegon’s Scotland-based UK operations are wholly owned and operated by Dutch insurer Aegon N.V.

    • Minimum entry age: 18
    • Maximum entry age: 89
    • Minimum term: 1 year
    • Maximum term: 50 years (cover must end before an individual’s 90th birthday)
    • Maximum cover: Unlimited
    aig

    AIG

    US insurance giant American International Group, Inc. (AIG) was first founded in 1919 and since then has grown to operate on a global scale. It provides a range of protection products for both individuals and businesses.

    • Minimum entry age: 18
    • Maximum entry age: 88
    • Minimum term: 2 years
    • Maximum term: 70 years (cover must end before an individual’s 90th birthday)
    • Maximum cover: Unlimited
    aviva

    Aviva

    Aviva was founded in 1797, but the Aviva brand as it is today was formed in 2000 by the merger of Norwich Union and CGU PLC.

    • Minimum entry age: 18
    • Maximum entry age: 89
    • Minimum term: 1 year
    • Maximum term: 50 years (cover must end before an individual’s 90th birthday)
    • Maximum cover: Unlimited
    guardian

    Guardian

    Guardian is a relaunched protection brand with a number of unique features to its policies.

    • Minimum entry age: 18
    • Maximum entry age: 65
    • Minimum term: 1 year (Level and Increasing Cover) / 5 years (Decreasing cover)
    • Maximum term: 72 years (cover must end before an individual’s 90th birthday)
    • Maximum cover: £15 million
    legal & general

    Legal & General

    L&G was formed as an insurance company for lawyers, by lawyers in 1836. It has since grown to become one of the country’s best-known financial services companies

    • Minimum entry age: 18
    • Maximum entry age: 77
    • Minimum term: 1 year (Level Cover) / 5 years (Decreasing cover)
    • Maximum term: 50 years (cover must end before an individual’s 90th birthday)
    • Maximum cover: Unlimited
    liverpool victoria

    Liverpool Victoria

    LV is the UK’s largest friendly society, with more than 5.8 million customers, 1.1 million of whom are members.

    • Minimum entry age: 17
    • Maximum entry age: 79 (Level or Decreasing cover) / 59 (inflation-linked cover)
    • Minimum term: 5 years
    • Maximum term: 45 years
    • Maximum cover: Unlimited
    royal london

    Royal London

    Royal London previously operated Scottish Provident and Bright Grey as separated brands providing Critical Illness Insurance under the Royal London umbrella. From 2016, both were merged into the main Royal London brand.

    • Minimum entry age: 18
    • Maximum entry age: 70
    • Minimum term: 1 year
    • Maximum term: 72 years
    • Maximum cover: Unlimited
    scottish widows

    Scottish Widows

    Founded in 1812, Scottish Widows is today part of Lloyds Banking Group.

    • Minimum entry age: 18
    • Maximum entry age: 79 (must end before individual’s 90th birthday)
    • Minimum term: 1 year (Level and Increasing) / 3 years (Decreasing)
    • Maximum term: 72 years
    • Maximum cover: £25,000,000 (Level and Decreasing) / £15,000,000 (Increasing)
    vitality

    Vitality

    Vitality entered the UK market in 2007 with a joint venture with PruHealth and PruProtect, part of the Prudential Group. It has since bought out Prudential and is now branded solely as Vitality.

    • Minimum entry age: 16
    • Maximum entry age: 74 (cover must end before age 90)
    • Minimum term: 5 years
    • Maximum term: No maximum (cover must end before age 90)
    • Maximum cover: £20,000,000
    zurich

    Zurich

    Zurich is a Swiss-based global insurance giant, operating in more than 170 countries. It employs around 55,000 employees worldwide, including 4,500 in the UK.

    • Minimum entry age: 16
    • Maximum entry age: 83 (must end before individual’s 90th birthday)
    • Minimum term: 1 year
    • Maximum term: 50 years
    • Maximum cover: £40 million

    Get Pilots Life Insurance Quotes & Expert Advice

    Drewberry’s team of expert advisers arrange cover to protect clients and their loved ones every day, so we’ve got a wealth of Life Insurance tips and tricks to pass on to make sure you get the best deal.

    Why Speak to Us…

    We started Drewberry because we were tired of being treated like a number and not getting the service we all deserve when it comes to things as important as protecting our health and our finances. Below are just a few reasons why it makes sense to let us help.

    • There is no fee for our service
    • We are independent and impartial
      Drewberry isn’t tied to any insurance company, so we can provide completely impartial advice to make sure you get the most appropriate policy based solely on your needs.
    • We’ve got bargaining power on our side
      This allows us to negotiate better premiums for you than you going direct yourself.
    • You’ll speak to a dedicated expert from start to finish
      You will speak to a named expert with a direct telephone and email. No more automated machines and no more being sent from pillar to post – you’ll have someone to speak to who knows you.
    • Benefit from our 5-star service
      We pride ourselves on providing a 5-star service, as can be seen from our 2575 and growing independent client reviews rating us at 4.92 / 5.
    • Gain the protection of regulated advice
      You are protected. Where we provide a regulated advice service we are responsible for the policy we set-up for you. Doing it yourself or going direct to an insurer won’t provide this protection, so you won’t benefit from these securities.
    • Claims support when you need it the most
      You have support should you need to make a claim. The most important thing when it comes to insurance is that claims are paid and quickly. We are here to support you during the claims process and make sure it’s as smooth and stress free as possible.

    Martyn Coates from Drewberry provided an excellent service with prompt handling of any question that we asked him. I would highly recommend Drewberry for anyone wanting Insurance.

    Kevin Eaton
    02/12/2019
    Compare Top 10 UK Insurers
    Takes approx. 60 seconds
    • £

    Or call us on 0208 432 7333

    Compare Top UK Insurer Quotes Logos
    Contact Us
    Head Office & Pensions and Investments
    Millennium Bridge House
    2 Lambeth Hill
    London
    EC4V 4GG
    Personal Insurance & Accounts Payable
    Telecom House
    125-135 Preston Road
    Brighton
    BN1 6AF
    Drewberry London Office MapDrewberry Brighton Office Map
    Our Core Principles
    • 1You Come FirstWe are a client focused business who always aim to put you first.
    • 2We are ExpertsTo provide you with the best advice, we need to know our stuff!
    • 3We are HumanWe are real people with feelings who are here to help you.
    • 4We are ProfessionalProviding a 5-star service requires a professional approach to everything we do.
    • 5We are here to EducateWe don't believe in sales, we are here to educate so you can make informed decisions.
    Cookie Use

    Drewberry™ uses cookies to offer you the best experience online. By continuing to use our website you agree to the use of cookies. If you would like to know more about cookies and how to manage them please view our privacycookie policy.