Disability Loss of License Insurance
The risk of becoming disabled is real. According to the Council for Disability Awareness,1 one-in-eight workers will be disabled for five years of more during their working careers.
Harvey Watt & Co. pioneered the development of Loss of License Insurance in 1951. Today our company administers disability insurance coverage for nearly 65,000 pilots, the most in the US.
- Replace income if you can no longer fly due to your health.
- Portability: Coverage and rates will not change if who you fly for, where you fly, or your union changes.
- No Future Health Questions: Once enrolled, if your policy has not terminated, you keep your coverage with no future health questions.
- Representatives are paid by salary, not commission.
- Our experience tells us 1 in 20 pilots are on long term disability every year.
What you need to know:
- NetJets Company LTD plan will only pay for the first 36 months of disability
- NetJets Company LTD plan will only pay 50% of your income up to $5,000 per month and is taxed as normal income
- With the purchase of this new individual policy, you can receive tax-free benefits to help protect more of your income
Harvey Watt & Co. offers policyowners Aviation Medical Advocacy at no charge. If there's a way to help you get back in the air, our Medical Director will find it. Fred Tilton, the former Federal Air Surgeon, is here to help you.
Harvey Watt & Co. exclusively offers the following Pilot Disability Income Insurance Plans:
Lump Sum Catastrophic Disability Income Insurance2
A Lump Sum benefit is payable when you are permanently unable to fly. It allows a disabled pilot to live within the reduced monthly income that invariably follows a permanent Loss of License.
Air Health Monthly Pay Disability Income Insurance2
A Monthly Pay benefit to supplement your income on a monthly basis, including when you are temporarily disability, but expecting to return to active flight status when your health permits. Waiting periods as short as 6 months and payable for up to 3 years.
1Commissioner's Disability Insurance Tables A and C, assuming equal weights by gender and occupation class
2 Lump Sum Catastrophic Benefit and Air Health Monthly Pay Benefit are provided under the Pilot Occupational Disability Income Insurance Policy (Policy Series 425) underwritten by Americo Financial Life and Annuity Insurance Company, Dallas, TX. Administrative Offices: Kansas City, MO. Products may not be available in all states.
Please click on the link below to complete and submit your application.