LOLI Coverage
 

Could someone provide, either in comment or via PM, information about Loss of License Insurance here at Spirit?

I have an acquaintance who is considering a company change, but has concerns brought on by a family member’s experience.

Following… also curious.


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I don’t recall ever seeing any options for loss of license insurance during annual benefit elections

there is short term and long term disability

loss of license is a coverage you’d have to elect thru ALPA.

LTD covers you if you lose your medical

60% of your last years W2 on a monthly basis. $5000 is free with the ability to buy up to $15,000/mo. Again it’s still based off your last years W2. The premiums are not that much considering the risk. The premiums will adjust each year after your W2 comes in.

You get medical insurance at your current rate for only five years which sucks

No retirement contribution so you are kind of screwed there if you’re young

Benefit is offset for any on the books income you make so zero incentive to work outside of using your medical.

The last three items are deal breakers for me in the next contract if not fixed.

I think (hope) you are confusing loss of medical insurance with loss of license insurance. If the FAA actually pulls your certificates you are likely pretty much screwed…

Indeed; mea culpa.