I'll certainly be paying into LTD for the long run in case it's ever needed. It's essential in this industry. But the last thing we need is for it to become a sweetheart deal that incentivizes using it and staying on it. I know a number of guys who have reluctantly used it out of pure necessity and flew with one who almost certainly, uh, "maximized" it for several years while out for surgery/recovery while day trading throughout. Outlier? Sure. Is trading something one can do while recovering? Of course, but this person was pretty talkative about the whole good deal.

We should be incentivized to stay OFF of LTD, but not forced to sell the house if we're on it. If our meager LTD forces the sale of the 2nd and 3rd boat I'm not going contribute too much to that person's go-fund-me campaign.

How about take it's current max payout in 2018 dollars and tie future payouts to inflation or bump it 1-1.5% per year for the length of the contract?