The introduction of the Peer Assistance Network (PAN) has made us even more aware of the vulnerabilities we face as people in professions reliant on measurable skills, testing and fitness.
I know as a pilot myself that after the years, energy and money I have put into my profession, that to lose it all in an instant is unfathomable.
When new members join NZALPA they are provided with the relevant information about the insurances they can take out, but I thought I would provide some details to those of you who are “on the fence” about insurance or want to know more about what you’re already covered for.
These insurances complement the PAN and together are designed to provide members with financial protection as well as supported to take some personal responsibility for their health and wellbeing.
As part of NZALPA, members are entitled to group disability insurance cover. Most people consider the ability to work and earn a living as their most valuable asset, rather than cars or houses. This cover means that if you can’t work as a result of an injury or illness, insurance can cover all or part of your income. Coverage amount varies for each individual. General Aviation pilots get a 20 percent discount.
Access to the group life insurance policy means that in the event of your death, dependents and loved ones are looked after. Surprisingly to some, this cover can also pay out living assurance for illnesses that have a long-term impact on your career. The best-doctors benefit is cheap and ensures that you have access to world-leading specialist medical advice at your fingertips. More information can be found at: https://www.sovereign.co.nz/best-doctors/Pages/default.aspx
Whenever I’m talking to someone about these critical insurances, I’m reminded of a former pilot I knew who had not been in the profession long when he was diagnosed with a serious medical issue. Without any insurance, he was left in the situation of having to pay huge student loan debts and without ever being able to fly again.
If you take out your protection available solely to NZALPA members, you’re entitled to exclusive premiums and claims management. Whatever your situation, it’s worth finding out more.
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Please contact APEX brokers if you need any more information and try the premium calculator:
Tel: 0800 500 510
Our two mutual benefit funds provide financial cover in the event of a member losing their medical license and needing a prolonged period of time off work, and also the necessary rehabilitation assistance to help people get back to work. For a large portion of our membership, NZALPA has negotiated with employers (as part of CEAs terms and condition) to subsidise the premiums.
Tel: 0800 745 623
Pilot fund: email@example.com
Air Traffic Controller fund: firstname.lastname@example.org