Disability Loss of License

LUMP SUM DISABILITY FOR PERMANENT DISABILITY
Underwritten by Great Southern Life Insurance Co. - Dallas, TX. Policy Form #ILS-C


From $25,000 to $250,000

Our years of experience have proven the importance of our Lump Sum payment policy. It permits a disabled pilot to reduce large financial commitments, such as mortgages, business involvements, investments, real estate purchases and children's education. In other words, it allows a disabled pilot to live within the reduced monthly income that invariably follows a permanent loss of flight status.

  • The Lump Sum Disability plan is designed to complement your company disability & retirement program after a twelve month waiting period.

  • Principal amount is paid in one "Tax Free" settlement if you are permanently prevented from flying for medical reasons.

  • The plan provides higher coverage during your early years when you would have more trouble adjusting to a non-flying occupation or disability retirement.

  • Coverage decreases gradually as you get older when your company retirement program is more substantial and your financial commitments are more manageable.

  • You can buy up to 2 1/2 times your current annual earnings (up to a maximum of $250,000).

NEW
Now You Have Two Plans To Choose From

Plan A
Level lump sum benefit to age 40. Beginning at age 40, benefit decreases 5% (of original face amount) per year to age 59.
Plan B
Level lump sum benefit to age 50. Beginning at age 50, benefit decreases 10% (of original face amount) per year to age 59, at which time the plan terminates.
Harvey Watt & Co., The Aviation Health Association, ITT Hartford, or Great Southern Life Insurance Co., do not give legal or tax advice. This is only our understanding of current tax laws. Since these laws are subject to interpretation and change, we recommend that you seek independent counsel regarding your tax situation.
PLAN A
Level benefit to age 40
Watt Plan 25
Age Monthly
Premium 		Lump Sum
Benefit
Up to 30 $8 $25,000
30-34 $11 $25,000
35-39 $14 $25,000
40-44 $21 beginning at age
40 declines $1,250
per year to $1,000
at age 59
45-49 $28
50-59 $21

Watt Plan 50
Age
Premium
Benefit
Up to 30 $11 $50,000
30-34 $15 $50,000
35-39 $20 $50,000
40-44 $30 *beginning at age 40 declines $2,500
per year to $1,000
at age 59
45-49 $40
50-59 $30

Watt Plan 100 - 250
Age Monthly Premium

Up to 30 $ .18 per $1,000 of coverage
30-34 $ .26 per $1,000 of coverage
35-39 $ .38 per $1,000 of coverage
40-44 $ .57 per $1,000 of coverage
45-49 $ .75 per $1,000 of coverage
50-59* $ .56 per $1,000 of coverage
   
*Available in $25,000 increments. Note: no extra charge for the convenience of monthly payments.
*Rates for age 56 and above are for renewal purposes only.

PLAN B
Level benefit to age 50
Watt Plan 25
Age Monthly
Premium 		Lump Sum
Benefit
Up to 30 $8 $25,000
30-34 $11 $25,000
35-39 $14 $25,000
40-44 $25 beginning at age
50 declines $2,500
per year to age 59
then plan terminates.
45-49 $38
50-59 $33

Watt Plan 50
Age
Premium
Benefit
Up to 30 $11 $50,000
30-34 $15 $50,000
35-39 $20 $50,000
40-44 $36 beginning at age
50 declines $5,000
per year to age 59,
then plan terminates.
45-49 $65
50-59 $60

Watt Plan 100 - 250
Age Monthly Premium

Up to 30 $ .18 per $1,000 of coverage
30-34 $ .26 per $1,000 of coverage
35-39 $ .38 per $1,000 of coverage
40-44 $ .68 per $1,000 of coverage
45-49 $ 1.27 per $1,000 of coverage
50-59* $ 1.12 per $1,000 of coverage
   
*Available in $25,000 increments. Note: no extra charge for the convenience of monthly payments.
*Rates for age 56 and above are for renewal purposes only.

LUMP SUM EXTENDED COVERAGE

Only $6.00 per month

For only $6.00 per month you can add an endorsement that will pay the disability benefit if you
die during the last eleven months of the twelve month waiting period. The disability must be covered
by the policy, and death must be from the same sickness or accident as the disability.
> Click here to begin application process< or

Learn about Monthly Pay Disability and Extended Long-Term Disability