Originally Posted by
uncleowen
Ok so this Harvey Wyatt thing, if I'm paying x per month to insure myself for the y income I chose, what exactly is the relevance of my gross salary from the company Harvey Wyatt apparently has no official communication with?
Unless they are suspicious I am chugging 20 Mountain Dews a day to sugar pee myself out of a medical, which may or may not be what I'm doing...
Exactly, to your first point, and to your second concerning chugging Mountain Dew, Harvey doesn't pay until your company disability policy expires, which is six months usually from what I understand. Most medical issues clear up or are well on there way to a SI by then.
Thing is, I see this sort of expensive insurance as covering not just what I make, but what my professional investment is as well. The idea is to soften the loss of what is a considerable time and monetary investment should we be put in the position of having to start over.
I just don't think insuring a SkyWest FO income to a max of 67% as worth it. Not for the price. It just doesn't take into consideration the monetary cost of getting to that position, the time and opportunity cost of achieving it, and the lifetime income potential of the position when just starting out.
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