Hey insurance gurus out there,
I got an email from ALPA telling me about my ALPA insurance. Here are the numbers I'm asking about
:
Code:
Insurance Coverage Annual Premium Monthly Premium
DLS Guardian - US $33,750 $767.40 $63.95
Group Term Life Member $50,000 $45.36 $3.78
ALPA Loss of License - VEBA $1,200 $519.96 $43.33
Is this telling me I'm payin $767 a year to get just $33,750 of insurance from Guardian? That seems a totally self-insurable amount, a worthless pittance, and not worth $767 a year to me... what am I missing?
Also, ALPA loss of license, coverage $1200... what does this mean? Is the insurance payout for a loss of license just $1200? Am I really paying 50% of that, $520 a year, for just $1200 bucks?
I have all my insurance papers packed away for some renovations just now, so can't find my relevant docs... any info appreciated. I MUST be reading this wrong?