Life insurance.
01-23-2023, 06:33 AM
#21
Gets Everyday Off
Joined APC: Aug 2016
Position: Relaxed
Posts: 6,382
Originally Posted by NathanBower
As a physician, I highly recommend that you, as a pilot in your 20s with a wife and child, invest in a life insurance policy. It's important to consider the financial security of your family in the event of an unexpected tragedy. I got my life insurance through a company that specializes in providing financial planning advice to professionals like myself. They helped me evaluate my needs and find a policy that fits my budget. I encourage you to explore your options and seek advice from a financial planner, I highly suggest visiting The Finity Group to find a policy that works for you and your family.
02-23-2023, 04:55 AM
#22
Gets Weekends Off
Joined APC: Feb 2008
Posts: 18,539
Whole life insurance is the second biggest scam in the US after annuities. The upfront costs are so huge that it’s almost impossible not to be better off buying term and investing the difference. By the time you approach retirement age as a pilot you can drop the term since you should be self insured at that point.
04-29-2023, 06:52 AM
#23
New Hire
Joined APC: Apr 2023
Posts: 2
Life insurance isn't for everyone
Originally Posted by sailingfun
Whole life insurance is the second biggest scam in the US after annuities. The upfront costs are so huge that it’s almost impossible not to be better off buying term and investing the difference. By the time you approach retirement age as a pilot you can drop the term since you should be self insured at that point.
Life insurance is not just a want or a need, but can be a tool in financial planning. Thankfully, we are not made the same and we don't all care about the same things, so planning is expected to be different for each pilot.
05-20-2023, 12:50 PM
#24
Gets Weekends Off
Joined APC: Feb 2008
Posts: 18,539
Originally Posted by SmarterOlive
Interesting you think that, but then again, life insurance isn't for everyone. Having done some extensive research, I discovered that the upfront costs are the price of the insurance that is intended to last until you die - whenever that is. The insurance company hopefully takes that money and invests it so it's grown for when your beneficiaries are expecting a pay out.
Life insurance is not just a want or a need, but can be a tool in financial planning. Thankfully, we are not made the same and we don't all care about the same things, so planning is expected to be different for each pilot.
Life insurance is not just a want or a need, but can be a tool in financial planning. Thankfully, we are not made the same and we don't all care about the same things, so planning is expected to be different for each pilot.
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