Aviation Trip Life Insurance

Definition of "Aviation trip life insurance"

Term life insurance, usually purchased at an airport by an airplane passenger. It provides a death payment to the passenger's beneficiary in the event of a fatal accident on one or more specified flights. The term of coverage is from the time that the passenger enters the airplane until the time that he leaves. Ground transportation to and from the airport may also be covered. With the advent of hijacking and terrorism, this coverage is becoming more widely purchased.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ