Term Life recommendation

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01-10-2023 | 10:24 AM

#11

Wolf424

Has a furrowed brow

Joined: Dec 2019

Posts: 1,418

Likes: 188

Quote:

Originally Posted by nene

Check with USAA on exclusions for "aircrew" which was the main reason I avoided or any policy.

It was an issue if you were active duty. Not so much after you get out. Not an issue when discussing with them (even if you stay in Guard/Reserve)

01-10-2023 | 11:10 AM

#12

DRaab

On Reserve

Joined: Jan 2019

Posts: 85

Likes: 2

From: 350B

Quote:

Originally Posted by Laspilot4

I’m looking to get a term life policy outside of Delta’s offered options. What companies have you been happy with? Thanks in advance.

AAFMAA was a better deal than SGLI/VGLI when I was shopping.

01-10-2023 | 01:59 PM

#13

marcal

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Joined: Sep 2005

Posts: 1,382

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ALPA offers a lot of term as well as disability options that are very reasonably priced and easy to get. Depending on the amount of coverage they may or may not send a nurse to your house for a quick simple physical.

01-10-2023 | 02:03 PM

#14

TiredSoul

All is fine at .79

Joined: Sep 2016

Posts: 4,486

Likes: 42

From: Paahlot

I went through Zander and got a $700k 20 year for $1450/year.
I had everything included as I fly ACMI, the not-so-friendly countries and Hazmat/Dangerous goods and flight instruction and flying little planes.

01-10-2023 | 02:16 PM

#15

O R C A

On Reserve

Joined: Jul 2022

Posts: 32

Likes: 10

From: 220

I used Zander to get price quotes for a baseline. Then I went searching direct to see if I could beat the price. It was a few years ago I ended up with Protective Life. I Haven’t tested their coverage yet. Hope my policy turns out to be a poor investment later if you get my drift.

01-10-2023 | 02:22 PM

#16

cskafan123

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Joined: Mar 2016

Posts: 209

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What is Delta currently offering?

01-10-2023 | 03:23 PM

#17

Abouttime2fish

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Joined: Jul 2014

Posts: 1,885

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From: MD88

Pull pin …. Release spoon…

Dont forget about whole life.

Toss grenade … run like h**l

01-10-2023 | 04:17 PM

#18

Gspeed

Gets Weekends Off

Joined: Jan 2014

Posts: 2,286

Likes: 18

I discovered Insuring Income via the White Coat Investor. They been a quick and easy resource to find cheap term rates.

https://www.whitecoatinvestor.com/dia/d/insuringincome

01-10-2023 | 04:29 PM

#19

Gunfighter

Gets Weekends Off

Joined: Apr 2007

Posts: 5,518

Likes: 453

Quote:

Originally Posted by Abouttime2fish

Pull pin …. Release spoon…

Dont forget about whole life.

Toss grenade … run like h**l

You only need to run if you throw like Max Duggan.

Buy term and invest the difference. There is a small argument to be made for a high cash value, participating whole life policy from a mutual company. Even so, the concept of Infinite Banking pioneered by Nelson Nash is better suited to those with net worth exceeding the IRS estate tax exemption limits. For peasants like airline pilots, doctors and engineers, a better solution is a brokerage account with low margin rates like Interactive Brokers. You accomplish the same thing, minus the estate tax exemption and have more control over how the "cash balance" is invested and grows.