Life Insurance at the Airport

[Huckster79]

What did one of these policies go for?

 

[3393RP]

What did one of these policies go for?

According to my great grandma's diary, between four and six dollars.

 

[Plano Pilot]

Ticket from ELD to LIT was only $6.67 in 1946. I found this in my Aunt's stuff after she passed.

 

[flyingron]

$5 would get you $200,000 or so. You could buy less.

 

[clear_prop]

The 727 was perhaps the most sold and flown aircraft of the 1970's. Boeing was delivering 1500 of them a year. This is more than the comparable 737 ever got.

Boeing only made 1831 727s total. The most delivered in any year was 160 planes in 1968.

The 737-100/200 was going for a smaller market than the 727, so sales in the same time period were less. Once the 737-300/400/500 came out in the mid-80s, they took over the 727s market and had similar sales numbers.

 

[3393RP]

Ticket from ELD to LIT was only $6.67 in 1946. I found this in my Aunt's stuff after she passed.

View attachment 93475

The distance between Little Rock and Eldorado is just 105 miles. I suppose the aircraft was a DC-3. It's a little surprising there was an airline running flights between those two small market cities so soon after the end of WWII

The availability of thousands of C-47s and the unexpected economic boom following the war was the driver behind the formation of many small airlines like Chicago and Southern. It would be interesting to find some data about the proliferation of those entities in the years 1945-1950.

 

[3393RP]

Got to wonder whether any of these policies ever had to pay out.

I found this tidbit with a search:

The trend became so prominent that one 1963 lawsuit alleged, “In recent years air trip travel insurance has developed into a business of tremendous volume. For example, a recent annual report filed by a group of underwriters who handle a large portion of air trip insurance business in the United States, showed total premium collections for the year to be $3,382,561. In the same year the group wrote air trip insurance for $84,564,025,000 and paid out $1,388,839 in losses.”

.

 

[Zeldman]

I found this tidbit with a search:

The trend became so prominent that one 1963 lawsuit alleged, “In recent years air trip travel insurance has developed into a business of tremendous volume. For example, a recent annual report filed by a group of underwriters who handle a large portion of air trip insurance business in the United States, showed total premium collections for the year to be $3,382,561. In the same year the group wrote air trip insurance for $84,564,025,000 and paid out $1,388,839 in losses.”

.

Wow.!!