Accidental Death on an Aeroplane Flight Insurance Only

richardw

Perhaps over on the life insurance forum http://forums.moneysavingexpert.com/forumdisplay.html?f=21

mystic_trev

To be quite honest I wouldn't bother. I used to work in Airline Insurance and can tell you, that in the likely event of your Aircraft crashing, your dependants are likely to recieve around a couple of million quid from the Airlines Insurers i.e. £1m 'a knob' as we used to call it in the Trade!

pattycake

I recall the first time my husband and I went away without our children. They were 18 and 15 at the time. It did not occur to us to top up our life assurance but what we did do was make a will. This was so that in the event of the unthinkable happening, we were in control of who took care of our kids and that our wealth, such as it was, would be used for their benefit until they were old enough to take responsibility themselves.

Ms_Chocaholic

Froggitt wrote: »

A ten year old with a mortgage paid off, but no parents, is not what I would describe as nothing to worry about. Whether they go to live with family or friends, someone is going to have to upgrade their house by a couple of hundred grand for the extra bedrooms.

But your home could be sold for £x which could fund the improvements and more besides

delwynshd

lets be honest your planning your own death here without being offensive, I am not an insurance expert but I just suggest that you go with your original insurer and upgrade the cover on the death policy to an amount that you see fit, and just pay the excess

Voyager2002

Incapuppy wrote: »

So what happens if you get where you are going and you step out into the road together and get mown down and killed by a huge lorry? Do you have adequate insurance for that too?

Indeed. That was the point I was trying to make in my post (but apparently he feels in control when driving, and so feels no need to insure against the most significant of the risks to which he is exposed).

Moonchild

mystic_trev wrote: »

To be quite honest I wouldn't bother. I used to work in Airline Insurance and can tell you, that in the likely event of your Aircraft crashing, your dependants are likely to recieve around a couple of million quid from the Airlines Insurers i.e. £1m 'a knob' as we used to call it in the Trade!

Actually this probably helps answer your question better than anything.

Your children would receive a vast pay-off automatically from the airline. There is no need for insurance.

Voyager2002

Moonchild wrote: »

Actually this probably helps answer your question better than anything.

Your children would receive a vast pay-off automatically from the airline. There is no need for insurance.

Except that they face other risks while on holiday, and so it would be prudent to make sure that there was enough money to take care of the children in the event of a double bereavement. The point is, this kind of tragedy is far less likely to result from an accident in the air than from another source of risk.

Moonchild

Voyager2002 wrote: »

Except that they face other risks while on holiday, and so it would be prudent to make sure that there was enough money to take care of the children in the event of a double bereavement. The point is, this kind of tragedy is far less likely to result from an accident in the air than from another source of risk.

Completely agree, but the Original Poster only believes the risk will come from dying in a plane crash, and this is the only thing they are considering. So, I suppose, it answers their question entirely.

Froggitt

IMHO, a double death is more likely on a plane than from anything else on a holiday, so it is this that I want to insure against.

What else could happen that would get us both.....being shot, food poisoning, electrocuted.......