Originally Posted by higney85 (Post 3716333)

I’m planning to run that illustration when I get some time. For easy math let’s say my current imputed is $1150/yr in income. Let’s make math easy and say marginal tax rate is 30%. Current plan is costing $350/yr in taxes. The GVUL imputed drops that to $350/yr and a tax bill of $105. So a $245 difference a year in my cost for the same coverage (subject to go up in each 5year age band). Now, if I put $245/yr into a 4% investment, minus a 2.25% fee… at a guaranteed 4%, for 27 years, and adjust the imputed amount to be the difference… what would that be? What about the investment options, after fees? Gotta run the math.

I don’t see any pilot hurt by going GVUL. The investment side becomes do you want to “be your own bank”, build a cash value to keep paying the premiums when you retire, or just save in taxes for the rest of your career. Enrolling makes complete sense, the rest needs some time with a spreadsheet and everyone’s numbers and outcome will be different.

Originally Posted by higney85 (Post 3716333)

I’m planning to run that illustration when I get some time. For easy math let’s say my current imputed is $1150/yr in income. Let’s make math easy and say marginal tax rate is 30%. Current plan is costing $350/yr in taxes. The GVUL imputed drops that to $350/yr and a tax bill of $105. So a $245 difference a year in my cost for the same coverage (subject to go up in each 5year age band). Now, if I put $245/yr into a 4% investment, minus a 2.25% fee… at a guaranteed 4%, for 27 years, and adjust the imputed amount to be the difference… what would that be? What about the investment options, after fees? Gotta run the math.

I don’t see any pilot hurt by going GVUL. The investment side becomes do you want to “be your own bank”, build a cash value to keep paying the premiums when you retire, or just save in taxes for the rest of your career. Enrolling makes complete sense, the rest needs some time with a spreadsheet and everyone’s numbers and outcome will be different.

Originally Posted by FangsF15 (Post 3716350)

I believe I saw someone post a chart that showed the imputed income savings went up with each 5 or 10 year block, meaning the older you get, the more the GVUL saves you.

Originally Posted by higney85 (Post 3716370)

that’s addressed in my post. Haven’t had some time to run an illustration.

Originally Posted by boog123 (Post 3716227)

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.

Originally Posted by Gunfighter (Post 3716394)

There is NO whole life option at Delta. GVUL is NOT a whole life policy.

Originally Posted by Planetrain (Post 3716518)

Terminology: The rep on the podcast called GVUL Permanent life insurance vs term life insurance.

Originally Posted by Puddytatt (Post 3716367)

Is there the ability to opt back in to the company Term plan if the tax laws change and the imputed values switch? I'm assuming you could cash out any savings you have it in, without tax penalty up to the basis tax-free and then switch?