To expect a different outcome, we must change our approach
Whole life for your Aircraft
the Benefits
- Total premium returned to policy holder
- Owner controlled hull valuation
- Fixed premium rate
- Build an asset that can be leveraged for aviation related expenditures
- Won’t be dropped if you use the plan
- Plans can be transferable to different owners or different aircraft
The Structure
Aviators Direct is putting pilots in command of their insurance with the first permanent insurance product for general aviation. We modeled the program based on the structure of whole life insurance. We then tailored our program to cover catastrophic events as well as how to economically address repairable incidents.
Our program allows you to lock in a fixed long-term premium rate compared to running the risk of increasing rates or being dropped each year. Compared to a use it or lose it property casualty plan, you are now building an asset that can be leverage for repairs, maintenance, upgrades and other benefits.
Risk Prevention
Our risk mitigation program will help keep your skills fresh and your airplane on top of maintenance.
Cover Your Asset
Create an asset to cover an asset. All premium is return when the plan reaches the term. In the event of a total loss recover the full value of your aircraft.
Repair OR Update Your Asset
Financial assistance to repair or update your airplane. Learn more about fixing damage or how to use your plan to upgrade your avionics.
How it Works
Step 1: The aircraft owner(s) pick the hull value for which the plan is based on. An owner has the option to change the value at any point, but may be subject to a “catch up” premium payment.
Step 2: The owner picks the term of the program. Currently we plan to offer 10 year and 15 years. Premium is a fixed percent of the value picked by the owner. The 10-year rate is higher than the 15-year rate. The premium rate is guaranteed for the length of the term.
Using your Benefits
Total Loss
In the event of a total loss the catastrophic plan can be activated at any time. This will provide 50% of the hull value from the premium fund and the balance of the plan through a low interest loan fund amortized over 10-15 years.
If the owner(s) continues to make their payments to maturity, the premium is returned to the owner.
Repairable
In the event of a reparable incident, the owner(s) has the option to use the loan fund to repair the aircraft. The cost is added on to the plan and amortized out 10-15 years depending on the needs.
Maintenance/Upgrades
By being a member you qualify for our low interest loan program. If you are looking to catch up on deferred maintenance, overhaul an engine, upgrade avionics leverage your plan to qualify for funding.
Protect what you love and return your investment
We are invested in your safety and the future of general aviation