Finance, Taxes, Insurance
Hangar Flying: Life insurance for pilots
Someone I used to know–a father and general aviation pilot–questioned why he needed life insurance, because, quote, “I won’t be around to enjoy it.” He cou

Someone I used to know–a father and general aviation pilot–questioned why he needed life insurance, because, quote, “I won’t be around to enjoy it.” He could well afford it, but apparently his survivors’ welfare didn’t warrant the few bucks a month a policy would cost.

Faced not long ago with obtaining life insurance on the open market, as opposed to through an employer-organized program, I stumbled into the thicket that can stand between a pilot and a policy. Unlike many of you reading this, I’m not a salaried pilot, and that put me in the category of “weekend pilot.” Worse yet, I built the airplane I fly on weekends.