Delta New Hires/Class Dates/Cleared to Train
09-06-2010 | 11:35 AM
#531
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From: B757/767
You do have to be active (or on disability), although if you go inactive (furlough, MLOA, etc) you get it for 30-60 days. You can also purchase it after that period expires, if desired. It covers you regardless of reason for death with the only exception being if your death was caused by a beneficiary. In that case, the insurance still pays, just not to that particular beneficiary.
Now it's time to show this to my wife.
09-06-2010 | 12:46 PM
#532
Happy to be here
Joined: Jun 2006
Posts: 18,563
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From: A-320A
acl, actually the amount that shows on your paycheck is the amount of imputed income. The actual tax on the life insurance benefit is equal to your marginal tax rate times that imputed amount. For example, a typical 32 year old would have $18.87 show up on each paycheck. If he's in the 34% tax bracket (fed and state), that would equate to $6.42/paycheck in actual tax (cost).
I was trying to give a grade school answer, but you are correct. I bet this now makes more sense to everyone.
That said, as I have stated, anything over 50K in a policy paid for by the (a) company will have "a" charged to you. Nothing different than if you were getting the same policy from another employer somewhere else.
I would definitely trust PG on this stuff.
09-06-2010 | 01:58 PM
#534
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Joined: Dec 2009
Posts: 667
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From: 737n/FO
Check out some personal term insurance - any web based insurance site will give you some idea of how much term is. It's not very expensive and as long as you're healthy it will be cheaper than Delta's group term or ALPA's group term. The advantage to Delta/ALPA is you don't have to qualify (no physical for their group insurance).
09-06-2010 | 02:01 PM
#535
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Joined: Dec 2009
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From: 737n/FO
That's true for the base life insurance - you can buy additional insurance for youself and your dependents WITHOUT qualifying. Can be very useful if you don't want to go through the hassle of fully underwritten term insurance.
09-06-2010 | 02:16 PM
#538
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From: B757/767
Many guys like Abbott, but I have M&H and it is holding up great. Remember you're only required to wear you blazer about 4-5 months out of the year so they hold up pretty good.
Last edited by johnso29; 09-06-2010 at 04:10 PM.
09-06-2010 | 02:35 PM
#539
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Joined: Aug 2010
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Thanks-I understand that you have to pay for it, however, I am just curious as to whether many find utility in a membership. Thanks.
09-06-2010 | 02:58 PM
#540
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