Originally Posted by
TiredSoul
Travers aviation came back with $78/month for 20 year $500k.
Figured that was kinda low and it was without hazmat and Sandikistan so they’re crunching the numbers now.
That seems high for a starting point with no added hazards. At age 34, I got a $400K 20-year return of premium policy (which significantly increases the premiums because they give them all back at the end of the term) for $1064 a year. (I'm looking forward to the big check in a few years, but if you do the math on the opportunity cost, it's a little depressing.) A few years after that, I got a $500K 15-year policy for $460 per year.
Both of those were when I was flying 135, which tends to incur a penalty. I don't remember any specific hazmat questions during the application, but we were authorized to carry it, so if there were, that would have figured in there.