Originally Posted by
KnightFlyer
Happy Birthday!
Did you recently enter a new age group? 35-39, 40-44, 45-49? You can't be 50 yet are you?
The rate per $1000 probably went up (just like everything else).
OK --- you nailed it.
Though it's amazing that FEDEX is "pricing/valuing" their $800K policy at $112.50 per month, given that I purchased a $700K, 20-year, level term policy at age 43 (2 years ago) from USAA for $63 a month.
Since it's level term --- that price will not change over the life of the policy.
I wonder who FEDEX is using to underwrite the policy they buy for us...or do they self-insure when it comes to pilot life insurance?
Perhaps the difference is that I had to take a physical and verify I was a non-smoker for the USAA policy, while the policy FEDEX buys covers all of our pilots --- regardless of size, health, lifestyle, etc.
Thanks again for cracking the code.