Originally Posted by
boog123
ask the next question, who makes
money? Does MetLife make more money with whole life for 15000 pilots or term. 1-2% fees for investments adds up. Not saying it’s not an OK option for pilots.
There is NO whole life option at Delta. GVUL is NOT a whole life policy. I hope MetLife makes more money on the GVUL insurance portion. They are providing an insurance product that saves pilots money and are due a reasonable profit for the superior offering.
The investment portion is lackluster. The inclusion of insurance premiums in the investment basis provides a small tax advantage and MetLife charges a front end investment fee of 2.25% because of it. Including the cost of insurance in the investment basis is a good example of the power insurance companies wield in DC.