Originally Posted by
madmax757
As posted. It’s $8000 a month. If you use the imputed income it is not taxed.
If you do the buy up it’s $10,500 a month . I’d have to look and see how much the premium is per month extra. $10.5 non taxed is like making 14K gross / pre tax.
Keep in mind it goes off 60/70 percent off your base salary gross income. So a 2 year FO you won’t get that payout. But a captain you will.
So the buy up is 60% of your base pay up to $15k and an extension of own occupation to 5 years (vs the 2 year company paid). You can only get over $8k once your annual income exceeds $170k though. I believe the cost is based on what your max benefit would be at your current pay rate. I'm paying about $300 a month.