11/15/17 01:43PM #Accidental Death, #Critical Illness, #Pilot Income Protection, Disease & Dismemberment

Professional Pilot Insurance Plan
Announces new supplemental benefits and services designed exclusively for pilots and their families.



The Professional Pilot Insurance Plan is very pleased to announce the addition of supplemental benefits and services designed exclusively for pilots and their families.  The Professional Pilot Insurance Plan is a unique insurance program first launched in February 2002 to provide innovative, flexible insurance product solutions to pilots and their families.   As a professional aviator, your occupation requires benefits tailored to your needs, benefits that protect both you and your family. Built-in flexibility and portability allows you to choose the benefit and amounts suitable to you. Below is a brief outline of the benefits. For more detailed information on these benefits please visit our website at: http://www.ppip.ca/products-services.php  or review the downloadable brochure at: http://www.ppip.ca/documents/Professional-Pilot-Insurance-Plan-Brochure.pdf

Pilot Income Protection (PIP)
If you suffer a serious accident or sickness and unable to work, Pilot Income Protection (PIP) will pay an agreed monthly amount for up to 60 months following the waiting period of your choice (90, 120, 180 or 365 days). This first in Canada solution gives you the option to purchase additional supplementary disability coverage available in units of $500/month up to a maximum amount of 85% of your net pre-disability earnings.  Pilot Income Protection is designed to provide peace of mind in the event you are unable to work, or suffer a reduction in income as a result of accident or sickness.   To be eligible for this coverage, applicants must be a member in good standing with the College of Professional Pilots of Canada. 

Critical Illness Insurance
Even with the best extended health and disability plans, a serious illness can end up causing you unplanned financial hardship. Although we are beating the odds, an alarming number of us will suffer a Critical Illness in our lifetime.   Critical illness insurance pays a lump sum benefit directly to you on diagnosis of a covered condition. You and your spouse can apply for up to $300,000 each. Coverage is available up to $10,000 for dependent children.

Optional Group Life Insurance
Available to both you and your spouse, optional group life can be purchased in units of $50,000 to a maximum of $500,000.  You are automatically pre-qualified if you hold a valid and current CAT1 medical.  It includes a Living Benefit which pays 25% of the life insurance benefit ($50,000 maximum) to the insured if he or she is diagnosed with an illness and expected to live less than 12 months.  The coverage is completely portable and you can modify your amount of coverage at any time.  Consider this coverage as a more suitable solution to traditional Mortgage Insurance.


Accidental Death, Disease & Dismemberment Insurance (ADD&D)
This optional benefit is available to pilots only (spouses excluded) and is non-occupational (excludes losses during flight time). ADD&D pays an amount equal to the Optional Life amount in the event of an accidental death. ADD&D pays a portion of the Optional Life amount for dismemberment, loss of use or paralysis due to an accident.

Dependent Life
This benefit is automatically included with Optional Group Life for pilots with eligible dependents. Each spouse and dependent child is insured for $5,000. 

Group Home and Auto Insurance

The Co-operators Group Auto & Home Insurance Program is pleased to partner with the Professional Pilot Insurance Plan to offer members of PPIP preferred rates on auto and home insurance. Along with preferred rates, plan members will enjoy exceptional coverage and excellent personal service. This group benefit is available by calling 1-800-387-1963 direct, or by visiting their website www.cooperatorsgroupinsurance.com

For more information about these unique products and services available to You, please visit our website at ppip.ca/products-services.php. If you have questions we want to hear from you. Please call us toll free at 1-888-724-1444 or email ppip@rbiadvisory.com.