Does your life insurance company penalize you for being a pilot? Avemco Insurance Co., one of the big players in GA property and casualty insurance, has teamed with Pilot Insurance Center to make term life insurance more available — and affordable — for pilots. “PIC confirmed that most life insurance carriers charge a steep extra surcharge for general aviation flight activity or exclude it from their policies,” said Jim Lauerman, Avemco’s chief underwriting officer. “We discovered that this situation is caused by a lack of knowledge and understanding of general aviation in the life insurance industry.”
PIC has educated and negotiated with some of the country’s top life insurance companies to get the best policies for pilots, Lauerman added.