Re: [Aus-soaring] income protection not glider
This is the one for transport workers. Like most policies, it looks damn useless. The list of exclusions has been put together by the Fun Police. The usual exclusions apply it would seem. If you go mad, get sad or go bad - NO COVER If you engage in most sports - NO COVER If you have any pre-existing health issues - NO COVER With medicos hat on: The irony is that if you have a stress related illness, and seek professional help to reduce your overall risk of subsequent inability to function, you will not get any cover. It almost seems better not to disclose or not seek help, because you would not be labelled with a condition that can be used as an exclusion against you. This is crazy, because preventative health is about addressing problems before they become unmanageable. By declaring a health problem, even though you are taking steps to minimise your risk, usually lands you with an exclusion. e.g. Someone has depression, stops functioning properly, seeks help. Starts treatment, feels better, becomes aware of condition and how to manage it, becomes a productive member of society who is actually savvy about the importance of mental health, and whose subsequent risk of relapse (and cost to the health system, to employers and insurers) is reduced because their condition is being managed. Versus someone who has undiagnosed depression who will cost the health system and employers more. I know of a case of someone seeking income protection and their GP providing a medical assessment and the insurance was knocked back. No diagnosis or management plan was ever discussed with the patient, and hence the patient was unaware of any potential issue. The result for this person is that any subsequent application for insurance refers back to the covering agents refusal to insure. Likewise, any history of depression is unlikely to give you any TPD cover. So if you do ask your GP to provide information to an insurer, make sure you make time to be aware of what is being said before it gets sent off. Because once the insurer has your medical statement, you are not allowed to see it because it is confidential property of the insurer. Medicos hat off. Good luck to anyone who can find out any of the science behind calculating the risk used by insurers. Whenever I have had insurance knocked back because I fly gliders (an activity normally lumped with hang-gliding), I have tried to ask how the risk is determined to see if the decision is fair. The usual answer is We can't tell you because that is our commercial/intellectual property. Being a parent and spouse, I want to make sure that my family are covered in case of my injury or death. This point was brought home by the death of a friend from a brain tumour at age 35, he always said to me, Make sure you are insured for enough. Thanks for listening to my post Easter rant Safe flying, and good luck with the insurers Michael Texler P.S. I do have TPD cover and income protection that includes gliding and power flying. I thank my family's financial advisor for swinging those ones. ___ Aus-soaring mailing list Aus-soaring@lists.internode.on.net To check or change subscription details, visit: http://lists.internode.on.net/mailman/listinfo/aus-soaring
[Aus-soaring] income protection not glider
Hi Bruce, I do not think any insurance company would cover comps. This is the one for transport workers. http://wagecover.com.au/tailored_insurance/government_transport_workers http://wagecover.com.au/__data/page/14/gov_transport_workers_pds.pdf Mal___ Aus-soaring mailing list Aus-soaring@lists.internode.on.net To check or change subscription details, visit: http://lists.internode.on.net/mailman/listinfo/aus-soaring
Re: [Aus-soaring] Income Protection for Glider Pilots
When I took up gliding a few years ago, I contacted the companies that I had life cover with, querying the additional cost to cover death or disability for aviation related incidents. ALL replied that, as I was not involved with aviation when I took out the policies, then anything I did subsequently would be covered without additional premium or fear of non payment of benefit. So, full cover, no extra cost. BUT, any additional policies would be subject to a loading corresponding to my current interests. Cheers Graeme Texler, Michael wrote: I have recently had the pleasure of dealing with my income protection insurer (AC L, Australian Casualty and Life). When I took out my original policy back in 1993, I disclosed that I undertook gliding (and later on, power flying). No exclusions were placed on this original policy. Now that I am a bit older, married, with kids and mortgage, I wanted to upgrade my cover. After many conniptions they have provided me with disablity cover until retirement age, with gliding exclusions on the increased amount, but not the original policy (explain that)! Does anyone know of any aviation friendly income protection insurers? I do not wish to leave my family and myself not covered for income loss as a result of injuries from a gliding accident (i don't plan to have a gliding accident either, nobody does). If I have to pay a loading, so be it, but total exclusion? I dimly recall this thread being discussed some years back, looking on the Aus-Soaring digest it related to Life Insurance, not income protection. Offlist replies preferred (to prevent clogging up the list), although should be onlist because this is a subject that should interest all glider pilots. Regards, M.T. ___ Aus-soaring mailing list Aus-soaring@lists.internode.on.net To check or change subscription details, visit: http://lists.internode.on.net/mailman/listinfo/aus-soaring ___ Aus-soaring mailing list Aus-soaring@lists.internode.on.net To check or change subscription details, visit: http://lists.internode.on.net/mailman/listinfo/aus-soaring
Re: [Aus-soaring] Income Protection for Glider Pilots
At 08:05 PM 4/05/2007, you wrote: When I took up gliding a few years ago, I contacted the companies that I had life cover with, querying the additional cost to cover death or disability for aviation related incidents. ALL replied that, as I was not involved with aviation when I took out the policies, then anything I did subsequently would be covered without additional premium or fear of non payment of benefit. So, full cover, no extra cost. BUT, any additional policies would be subject to a loading corresponding to my current interests. Cheers Graeme Most life insurance policies I've seen exclude any aviation other than as a passenger in commercial aircraft. I'd take a careful look at the general exclusions in the fine print. May be printed in mid grey on light grey background. Mike Borgelt Instruments - manufacturers of quality soaring instruments phone Int'l + 61 746 355784 fax Int'l + 61 746 358796 cellphone Int'l + 61 428 355784 Int'l + 61 429 355784 email: [EMAIL PROTECTED] website: www.borgeltinstruments.com ___ Aus-soaring mailing list Aus-soaring@lists.internode.on.net To check or change subscription details, visit: http://lists.internode.on.net/mailman/listinfo/aus-soaring
Re: [Aus-soaring] Income Protection for Glider Pilots
Mike, I took the precaution of getting it in writing! Cheers Graeme Mike Borgelt wrote: At 08:05 PM 4/05/2007, you wrote: When I took up gliding a few years ago, I contacted the companies that I had life cover with, querying the additional cost to cover death or disability for aviation related incidents. ALL replied that, as I was not involved with aviation when I took out the policies, then anything I did subsequently would be covered without additional premium or fear of non payment of benefit. So, full cover, no extra cost. BUT, any additional policies would be subject to a loading corresponding to my current interests. Cheers Graeme Most life insurance policies I've seen exclude any aviation other than as a passenger in commercial aircraft. I'd take a careful look at the general exclusions in the fine print. May be printed in mid grey on light grey background. Mike Borgelt Instruments - manufacturers of quality soaring instruments phone Int'l + 61 746 355784 fax Int'l + 61 746 358796 cellphone Int'l + 61 428 355784 Int'l + 61 429 355784 email: [EMAIL PROTECTED] website: www.borgeltinstruments.com ___ Aus-soaring mailing list Aus-soaring@lists.internode.on.net To check or change subscription details, visit: http://lists.internode.on.net/mailman/listinfo/aus-soaring ___ Aus-soaring mailing list Aus-soaring@lists.internode.on.net To check or change subscription details, visit: http://lists.internode.on.net/mailman/listinfo/aus-soaring
[Aus-soaring] Income Protection for Glider Pilots
I have recently had the pleasure of dealing with my income protection insurer (AC L, Australian Casualty and Life). When I took out my original policy back in 1993, I disclosed that I undertook gliding (and later on, power flying). No exclusions were placed on this original policy. Now that I am a bit older, married, with kids and mortgage, I wanted to upgrade my cover. After many conniptions they have provided me with disablity cover until retirement age, with gliding exclusions on the increased amount, but not the original policy (explain that)! Does anyone know of any aviation friendly income protection insurers? I do not wish to leave my family and myself not covered for income loss as a result of injuries from a gliding accident (i don't plan to have a gliding accident either, nobody does). If I have to pay a loading, so be it, but total exclusion? I dimly recall this thread being discussed some years back, looking on the Aus-Soaring digest it related to Life Insurance, not income protection. Offlist replies preferred (to prevent clogging up the list), although should be onlist because this is a subject that should interest all glider pilots. Regards, M.T. ___ Aus-soaring mailing list Aus-soaring@lists.internode.on.net To check or change subscription details, visit: http://lists.internode.on.net/mailman/listinfo/aus-soaring
Re: [Aus-soaring] Income Protection for Glider Pilots
OFF LIST Michael I've had no problems. John Marshall Wilson Marshall Insurance Brokers Pty Ltd [EMAIL PROTECTED] 03 9497 5955 John (and I) only use blue chip underwriters. He should be able to help. Milton Holmes 0419 106 409 - I'm not the expert but as I understand it they can't withdraw the original cover as long as the policy remains paid up, but they can decline an extension - Original Message - From: Texler, Michael To: Discussion of issues relating to Soaring in Australia. Sent: Friday, May 04, 2007 1:31 PM Subject: [Aus-soaring] Income Protection for Glider Pilots I have recently had the pleasure of dealing with my income protection insurer (AC L, Australian Casualty and Life). When I took out my original policy back in 1993, I disclosed that I undertook gliding (and later on, power flying). No exclusions were placed on this original policy. Now that I am a bit older, married, with kids and mortgage, I wanted to upgrade my cover. After many conniptions they have provided me with disablity cover until retirement age, with gliding exclusions on the increased amount, but not the original policy (explain that)! Does anyone know of any aviation friendly income protection insurers? I do not wish to leave my family and myself not covered for income loss as a result of injuries from a gliding accident (i don't plan to have a gliding accident either, nobody does). If I have to pay a loading, so be it, but total exclusion? I dimly recall this thread being discussed some years back, looking on the Aus-Soaring digest it related to Life Insurance, not income protection. Offlist replies preferred (to prevent clogging up the list), although should be onlist because this is a subject that should interest all glider pilots. Regards, M.T. ___ Aus-soaring mailing list Aus-soaring@lists.internode.on.net To check or change subscription details, visit: http://lists.internode.on.net/mailman/listinfo/aus-soaring___ Aus-soaring mailing list Aus-soaring@lists.internode.on.net To check or change subscription details, visit: http://lists.internode.on.net/mailman/listinfo/aus-soaring
