Originally Posted by
PilotWombat
I think both of you guys are missing the point of the question. This isn't about whether whole/universal is better than term in general, or on the open market. The question is about our new choice in company paid insurance, negotiated under C19 (PWA 25.G.10 if you need the reference). We get to choose between regular term life, or GVUL, and the death benefit is the same (at least originally). Why, or why not, would you choose one over the other?
You are correct, I was not specifically addressing the PWA GVUL option. Thanks for getting us back on track.
After reviewing the data from the links in the 9/27 Flt Ops email. It appears the GVUL policy provides the same death benefit amount with lower imputed income. On that basis it looks like a better option than the group term option. The jury is still out on the investment portion.