First Penn Pacific Life Insurance Company sold me a $250,000 term policy for $400/year. They don't penalize pilots.
I found this through a neighbor. I was looking to replace my SGLI from the military. My neighbor, also retired Army, knew exactly what I was looking for. This beat anything I found through AOPA or ALPA. I looked at 10-12 companies. Send me a PM if you want to talk to my neighbor.
Fly safe!