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-   -   TA: GVUL (https://www.airlinepilotforums.com/delta/141326-ta-gvul.html)

MJP27 11-11-2023 05:43 PM


Originally Posted by Go Cards go (Post 3723320)
The second step happens after open enrollment though correct?

That's my understanding.

Iceberg 11-11-2023 06:59 PM

Step 1. Elect GVUL
Step 2. ????
Step 3. Profit


I believe step 2 is an email after open enrollment closes.

notEnuf 11-12-2023 04:44 AM


Originally Posted by Big E 757 (Post 3722799)
What kind of plane do you own? Just curious.

RV-6 and partners in a few other.

notEnuf 11-12-2023 04:49 AM


Originally Posted by Snaplock (Post 3723275)
Sorry if I missed the answer to these questions that I have.

1. Do we have to go through a medical/underwriting process to get the GVUL?

2. I have the term life maxed out right now. I pay out of pocket to have more coverage on top of what is free from the company. Can I get covered to that same amount with the GVUL? Would that require underwriting if that option is available?

3. Is it possible to keep my full term plan and opt in to the GVUL too?

Thanks

This is exactly what I did. Company 50K + GVUL + optional additional life up to the self insured max. (no physical)

Whoopsmybad 11-12-2023 06:28 AM


Originally Posted by notEnuf (Post 3723424)
This is exactly what I did. Company 50K + GVUL + optional additional life up to the self insured max. (no physical)

Same I used GVUL and I also use the company optional life term (for now). I was interested in seeing if switching to GVUL would change the other additional term, but looks like no.

NuGuy 11-12-2023 07:58 AM


Originally Posted by notEnuf (Post 3723420)
RV-6 and partners in a few other.

Anyone interested in building an RV should probably wait at this point, considering the issues ongoing at the moment.

notEnuf 11-12-2023 08:11 AM


Originally Posted by NuGuy (Post 3723515)
Anyone interested in building an RV should probably wait at this point, considering the issues ongoing at the moment.

Definately, that's why I bought instead of build. Buyer beware though. Aircraft construction shouldn't be a side hobby. A meticulous attention to detail is required. Get a thorough prebuy inspection by an A&P intimately familiar with the specific type of exerimental aircraft. Zenith, Rans, Kitfox and Sonex make great kits. I am waiting on the JSX-2T to get off the ground, probably do a factory assist build in OSH.

JamesBond 11-12-2023 12:00 PM


Originally Posted by Gspeed (Post 3710868)
This is what I want to know as it seems too good to be true. I get the same coverage amount but now I can get an associated cash accrual as well? Shirley, I'm missing something.

As I understand these things, your cash accumulation account is counted against the death payout. So if you have a $50,000 insurance policy, and $10,000 in the cash portion, that $10k counts as part of the $50K when your beneficiary gets paid. I would love to be told I am wrong on this.

JamesBond 11-12-2023 12:10 PM


Originally Posted by Trip7 (Post 3712151)
Usually I can pick up finance stuff rather easily but this GVUL stuff seems overly complex. Combined with the bad rep of whole life insurance schemes I'm likely going to pass

I think this commercial said it best:

https://www.youtube.com/watch?v=CEiI5noBlOs

tennisguru 11-12-2023 01:55 PM


Originally Posted by JamesBond (Post 3723643)
As I understand these things, your cash accumulation account is counted against the death payout. So if you have a $50,000 insurance policy, and $10,000 in the cash portion, that $10k counts as part of the $50K when your beneficiary gets paid. I would love to be told I am wrong on this.

I don’t think there is any cash accrual from company paid premiums in the GVUL. Any money you put in that is extra is yours and does not count against the death benefit. The only positive to the investing option is the company paid premiums count towards the cost basis of your investment money.


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