Life insurance.
#1
Gets Weekends Off
Thread Starter
Joined APC: Feb 2011
Posts: 1,327

Want to hear thoughts on life insurance.
Currently don’t have any. Married. kid. Low 30’s. I know there are plenty of arguments for getting it vs not. I’m leaning toward NOT getting a policy. We currently have plenty of financial cushion. Live simply. If I take a long dirt nap, I believe my family be able to get on with out a $1-2 million policy.
Currently don’t have any. Married. kid. Low 30’s. I know there are plenty of arguments for getting it vs not. I’m leaning toward NOT getting a policy. We currently have plenty of financial cushion. Live simply. If I take a long dirt nap, I believe my family be able to get on with out a $1-2 million policy.

#2

I would suggest you do get a Term Life policy.
15 or 20 year will put you at your destination Airline if not already there and capable to self fund any issues.
My wife can pay off the house and retire if she so chooses.
If I expire after the house is paid off…well she can still retire.
It’s called financial peace and its hard to put a number on that.
15 or 20 year will put you at your destination Airline if not already there and capable to self fund any issues.
My wife can pay off the house and retire if she so chooses.
If I expire after the house is paid off…well she can still retire.
It’s called financial peace and its hard to put a number on that.
#3
Gets Weekends Off
Joined APC: Jan 2018
Posts: 1,438

Want to hear thoughts on life insurance.
Currently don’t have any. Married. kid. Low 30’s. I know there are plenty of arguments for getting it vs not. I’m leaning toward NOT getting a policy. We currently have plenty of financial cushion. Live simply. If I take a long dirt nap, I believe my family be able to get on with out a $1-2 million policy.
Currently don’t have any. Married. kid. Low 30’s. I know there are plenty of arguments for getting it vs not. I’m leaning toward NOT getting a policy. We currently have plenty of financial cushion. Live simply. If I take a long dirt nap, I believe my family be able to get on with out a $1-2 million policy.
#4
Gets Weekends Off
Thread Starter
Joined APC: Feb 2011
Posts: 1,327

I would suggest you do get a Term Life policy.
15 or 20 year will put you at your destination Airline if not already there and capable to self fund any issues.
My wife can pay off the house and retire if she so chooses.
If I expire after the house is paid off…well she can still retire.
It’s called financial peace and its hard to put a number on that.
15 or 20 year will put you at your destination Airline if not already there and capable to self fund any issues.
My wife can pay off the house and retire if she so chooses.
If I expire after the house is paid off…well she can still retire.
It’s called financial peace and its hard to put a number on that.
our investments both retirement and brokerage are doing their thing, we contribute a healthy portion every month to our brokerage account (hopefully achieving a little more financial freedom before the next down turn). Part of me believes that continuing to hit those investments will be able to set up my wife and kid for a bright future (unless I take a nap today). Just my thoughts. I know life insurance is pretty cheap and can offer plenty of benefits and peace of mind. Thank you for your advice.
#5

Sometimes life is simple
You either come back from your next trip or you don’t.
You wife may be pregnant with twins and hasn’t told you yet when you expire.
You may face a nasty divorce that erases your financial buffers.
Your neighbor might sue you for their kid getting hurt on your trampoline.
Its just crazy examples I know that.
The beauty of a Term Life Insurance is that nobody can touch it.
You either come back from your next trip or you don’t.
You wife may be pregnant with twins and hasn’t told you yet when you expire.
You may face a nasty divorce that erases your financial buffers.
Your neighbor might sue you for their kid getting hurt on your trampoline.
Its just crazy examples I know that.
The beauty of a Term Life Insurance is that nobody can touch it.
#6

Term life premiums are cheap when you are young. They are for hedging bets. You are betting that you are going to die young and your spouse and kids are going to need it to continue their current lifestyle.
If you are fortunate you lose that bet.
If you are fortunate you lose that bet.
#7

Once you have enough (10 to 15 times your annual income needed for your family to be sustained), you probably do not need whole life.
As a professor of mine said, “Life Insurance is Poor People Pooling their Poverty.” I was poor once, the first couple of decades out of college. Not anymore.
#8
Gets Weekends Off
Thread Starter
Joined APC: Feb 2011
Posts: 1,327

Sometimes life is simple
You either come back from your next trip or you don’t.
You wife may be pregnant with twins and hasn’t told you yet when you expire.
You may face a nasty divorce that erases your financial buffers.
Your neighbor might sue you for their kid getting hurt on your trampoline.
Its just crazy examples I know that.
The beauty of a Term Life Insurance is that nobody can touch it.
You either come back from your next trip or you don’t.
You wife may be pregnant with twins and hasn’t told you yet when you expire.
You may face a nasty divorce that erases your financial buffers.
Your neighbor might sue you for their kid getting hurt on your trampoline.
Its just crazy examples I know that.
The beauty of a Term Life Insurance is that nobody can touch it.
#9
Line Holder
Joined APC: May 2016
Posts: 57

Some life insurance companies have now a product that you can protect yourself and your family without you actually having to die to get. It's associate with medical condition and accidents. Yes, you can collect without kicking the bucket.
#10

frankly if you are in your 30's and a pilot (which means you can pass an FAA medical) then you should absolutely have a 20 year term policy since you are married and a parent.
Do you want your dependents to not have to worry about their financial future, or just "get by"?
Don't be a cheapskate.
Do you want your dependents to not have to worry about their financial future, or just "get by"?
Don't be a cheapskate.
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