There are many ways in which a pilot can lose his license. However, this article is not about how a pilot can lose his license, but instead the implications if that were to happen. So many areas of your life is effected with something as big as losing your career. Read on to find out what can happen if a pilot loses his license and how you can prepare for what you hope is the impossible.
Loss of Income Protection is your first step of preparation
Baymac has partnered with Clements Worldwide to bring world-class insurance solutions to members like you. The Disability cover provides peace of mind for members and their families in the unlikely event they are temporarily or permanently unable to perform their duties. Underwritten by a Lloyds of London Syndicate, this unique plan pays a maximum of 60% of gross salary and company benefits less any other insurance in force.
Loss of Income Insurance provided by Baymac is one of the best, and first, steps you can take to protect yourself and your family. Whether you lose your license or lose your income, loss of income insurance will cover you for a set amount of time and up to a set amount of money. You can choose a plan that works best for you. However, if something were to happen that would result in you losing your license, at least you could know certain things are covered.
Always have a plan B for both your career and your family
A career as a pilot is exhausting, to say the least. In fact, all aviation professional can claim they find the industry to have unique, tiring characteristics. As a pilot, the demands can be stressful on both you and your family. The likelihood of retiring as a pilot is high for most, but not everyone chooses that path. And not everyone gets to choose that path. In preparation, you should always have a plan B. The best part is, you can always plan a plan B.
If you decided to divert from being a pilot, many still stay within the aviation arena but choose a different segment. These include pilot instructors, cabin crew, aviation mechanic, aviation manager, etc. There are many options open for a pilot if you decide to change your career. But, with Loss of Income Protection, you can have peace of mind that you and your family will be covered in the event the change is sudden.
If you are interested in learning more about Loss of Income Insurance then your first step should be to create a free account with Baymac. By doing so, you will have access to member only programs and plans, including Loss of Income Insurance. You can also receive a quote for any plans you are interested in. Sign up now.