Can Astronauts get life insurance?
Actually, yes. Astronauts are considered military personnel and/or federal employees, and are eligible for the standard life insurance offered by the US Government. to military personnel and federal employees. However, there is no special coverage offered specifically for Astronauts, either by NASA or any of the thousands of insurance agencies worldwide. As one might expect, getting private insurance if one is an Astronaut is pretty much a waste of time. Prior to Columbia, risk assessment for fighting in military combat was 1:20000 chance of the company having to pay out in the event of a soldier’s death. By comparison, taking a ride through space has far worse odds – 1:300. So, by the way the insurance companies look at things, being an astronaut disqualifies you from most, if not all private life insurance far more easily than your average swabbo, grunt, flyboy or jarhead in a combat zone. Of the Columbia crew, five astronauts were members of the US armed services and thus eligible f
Related Questions
- Why is it better to have an irrevocable life insurance trust purchase alife insurance policy on the donor, rather than have the heirs themselves own a permanent life insurance policy with the premium paid by the heirs with gifts by the now- living donor?
- Are life insurance benefits considered part of a decedents estate?
- Do life insurance renewal commissions count as wages?
