It's one of those cases where the calculus is much different since Delta is paying the insurance cost either way. Would one run out a buy a whole life vs term life $1.1M policy in general? Since it is part of the PWA, unless your inclined to just decline the insurance (which apparently approx 500 pilots do currently to avoid the imputed income) it seems to make sense to take the GVUL for the lower imputed income reason alone. On the podcast the ALPA reps commented that if every single pilot switches over it amounts to a savings of $30M to the pilot group as a whole.