Originally Posted by
Dahlysia
Thanks for the great info posted so far. I just looked at the rates for the optional FDX life insurance and had not realized that the rates almost double when you turn 55. I am thinking about starting to look into getting a term policy now in my late 40s and locking the lows rates.
Don't forget that you have a pension survivor benefit that starts when you turn either 55 or 60 (I don't have my copy of the Pilot Benfit Book with me to check on the age). Your spouse gets 50% of your current pension amount should you die while an active crewmember. If your only purpose for life insurance is income protection for your spouse, you can start reducing the amount of company life insurance you need when the pension benefit starts. A $5,000 a month pension benefit would replace several hundred thousand dollars of life insurance.