Originally Posted by
Sunvox
Yes, I get that my first comment angered some folk because they perceived it as a money grab comment, and I also get that LTD is not cheap, but it's a heck of a lot better to have it than not. That, to me, should be the point.
I would much rather be adding to my own 401k by working instead of hoping for another year of LTD but I can't, and I hope you and the others who disliked my comment realize that that was my simple point. Everyone should favor improving LTD and adding two years would be an improvement, plain and simple.
If you didn’t pay for it, then you shouldn’t get it.
Furthermore by age 65 your “insurable need” should be zero. You should have a nice tidy 401k to carry you off to retirement. Why should we pay exorbitant rates for 2 extra years of LTD that no one should really need.
I don’t understand why people think this is free money. It’s a product that an insurance company sells for a profit. The insurance company takes in more money than it gives out. In this case it’s going to take it money from young pilots, subtract their substantial profit, then pay a lesser amount out to a bunch or rich Widebody Captains, who may or may not have saved appropriately for retirement, but none of them paid for LTD to age 67 over the course of their career.