Term Life recommendation
 

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.

If you have a military background, Navy Mutual has some good coverage that may be at a lower price than VGLI and Delta's, depending on your age, etc. Caveat that I haven't died yet, so I don't know how good it actually is. https://www.navymutual.org/

I haven’t died yet either, but I have been happy with NY Life.
A good relationship with the agent began that relationship, though.

We updated our coverage with some laddering policies a few years ago through policy genius. They were fast, responsive, and found us a good value.

Second this, if you are prior military at all, you cannot beat the Navy Mutual offerings (at least 10yrs ago when I scoured the marketplace and compared), and not only that, they seem to be there to help a widow after a passing with the paperwork required to keep the VA and DOD in the loop.

I actually got a 20 year term through USAA that was cheaper than Navy Mutual (by a very small amount)

Shop around for sure.

It’s been years ago, but we got a 20-year policy for me and my wife through ALPA’s product. At the time they were the best prices I could find. They sent a nurse to our house for a 5-min medical evaluation (waist measure, weigh-in, etc) and blood draw at no cost. The evaluation unlocked the cheapest prices and was a non-event.

Get an insurance broker who is not linked in to a single company. They can shop your specific situation among numerous companies to find the best deal.

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)

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

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.

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.

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.

What is Delta currently offering?

Pull pin …. Release spoon…

Dont forget about whole life.

Toss grenade … run like h**l

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

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.

Double down on AAFMAA. Way better than USAA, just got a 400k term policy through age 78. Around $150.

2500 x highest paying 12yr Capt rate.

Current: 2500 x 353.85 = so $885K

If TA passes, new rate will be 417.54 x 2500 = $1.04M

......if the TA contains the same terms. Likely?

is this regardless of your time with the company or based on your current pay rate? I am a new hire starting in a couple of weeks.

You are automatically covered at the highest pay rate x 2500 regardless of your longevity with the company/your current pay rate, unless you elect less coverage.

Subject to change with a new TA.

What window seat said.