Loss of license insurance

sluggo

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Jan 4, 2005
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Can anyone recommend a company to go to for loss of license insurance? Thanks
 

jtf

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Feb 26, 2002
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Enough
Read the fine print on the policies- many are based on the social security definition of disabled and not really just loss of license. This means you only get paid if you can't do ANY kind of work- not just not able to be a pilot. Let us know if you find anything reasonable- I've looked and haven't found anything that I felt was worth the price of coverage.
 

IAHERJ

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Apr 23, 2002
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hmmm?
ALPA LOL insurance is paid tax free(in my case, I opted for $4200.00 a month) should you lose your medical and or license and cannot perform the duties of a pilot. This is in addition to your company's LTD plan. The company sponsored LTD plan is taxed however. If it is done properly, your LTD plus LOL should pay you at least 90 percent of your lost income until you either reach retirement age or are able to return to the cockpit.
 

Jetjockey

Stay thirsty my friends
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Are you sure the ALPA LOL policy is effective that long??? It's been a while since I dusted off and read the fine print.
 

IAHERJ

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Apr 23, 2002
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hmmm?
Are you sure the ALPA LOL policy is effective that long??? It's been a while since I dusted off and read the fine print.
Actually, I'm not exactly sure how long the LOL pays out. I would assume it is at least 15 years or to retirement age but I will check it out...
 

vanwas

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Dec 10, 2003
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I could be wrong, but I believe the ALPA LOL is good for 3 years if you get the monthly option. They also offer a lump sum option (I have both)
 
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