I’ll freely admit I didn’t even know this was in the new contract. Can someone explain the options to me like I’m 5?

If you have (& intend to keep) the company-paid policy in any amount over the minimum ($50K?) to the maximum ($1.3M?), it's a complete no-brainer: switch to the GVUL. You have the same coverage for the same direct cost ($0) to you--but your imputed income (and therefore your total taxable income) will be less.

The more complicated bits are where information has been sorely lacking. In essence, it's a whole life policy funded by pre-tax money. Where it gets interesting--and where I'm not nearly smart enough to figure optimum strategy--is that your basis includes ALL premiums paid, to include those paid on your behalf (i.e., by the company). Any additional money you put in, only the gains are taxable--and those gains are offset by that total premium. This is the part where I want someone WAY smarter than me to analyze....

I didn't realize so many people didn't get/see the email. I don't mean that as a swipe, it just means some of the responses make more sense now, lol

https://www.metlife.com/gvul/DeltaAirLines/

What info on that page answers any of our questions?

You are correct, I was not specifically addressing the PWA GVUL option. Thanks for getting us back on track.

After reviewing the data from the links in the 9/27 Flt Ops email. It appears the GVUL policy provides the same death benefit amount with lower imputed income. On that basis it looks like a better option than the group term option. The jury is still out on the investment portion.

Q1. Is the current company paid life insurance death payout taxable or tax-free income?
Q2. Is GVUL death payout taxable or tax-free income?

Could make a difference…

If you pay taxes on the imputed income, then the payout is tax free.

Edit: This website also clearly states that both the current and GVUL payouts are tax free. It also says that the GVUL cash value payout is tax free as well.

https://www.metlife.com/gvul/DeltaAi...parison-chart/

No problem. I have not seen the email. Was it in the company inbox?

It was an Alpa email, if I remember correctly.

Didn't see an ALPA email. but it was in the Company's Weekly Propaganda Update sent on Sep 27.