Originally Posted by
Gunfighter
If post retirement life insurance is the objective, look into a 20 year level term policy. $1.2 million will be roughly $300/mo for a healthy 55 yo pilot. That keeps you covered until 75 AND provides additional coverage on top of the GVUL years.
glad to see others have the same thought process. By 55 I plan to be done needing term with my kids out of the house and college paid for and enough assets for my wife to be able to live the same lifestyle in perpetuity. For some, not the case. Had an illustration run for curioutisty, and running the math some taxes could be avoided, but capital gains in a brokerage, without a 2.5% load... I'll just say "ehh". I've made my decision at this point and will save on taxes either way.