Pilot Life Insurance
Regarding the life insurance for pilots article (January 2014 Aviation Consumer), I think you should know that The Pilot Insurance Center (PIC) is not all rosy. I was coming up on retirement and wanted to use life insurance as a financial tool. My bankrupt airline no longer allowed me to take a lump sum, and the annuity that I was given was taken at 100 percent, leaving my wife with nothing if I died. The insurance would fill in the gap.
PIC said the ideal weight for my height to qualify for the Preferred rate was 196 pounds. Since I was then 220, I told them I would contact them when I reached my goal (they said I would never get there). I didn’t think I was going to grow any taller, so I gave it a go.