steamee
Pre-takeoff checklist
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- Jun 1, 2009
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- 102
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Steamee
What are people here doing for life insurance?
I'm looking at a Metlife whole life variable universal life insurance policy for at least $500K of death benefits. I am getting help from my financial advisor, but the bottom line is that aviation is one of those risk factors that jack up the price. We are in the process of pursuing several different strategies including excluding aviation activities from the main policy and supplementing it with a term. Basically we'll shop and min/max.
I've looked at the AOPA insurance product, but can't honestly tell if it's a good deal or not right now. I'd be interested in understanding the general insurance strategies people have chosen (including none if that was your choice).
Free advice portion: If your wife says, "Why do we need life insurance? We're never having kids and I make enough money to support myself." Buy it anyway. 5 years later we're having a child and she may stop working. Had I bought it then (before I was a pilot) things would have been easier/cheaper.
I'm looking at a Metlife whole life variable universal life insurance policy for at least $500K of death benefits. I am getting help from my financial advisor, but the bottom line is that aviation is one of those risk factors that jack up the price. We are in the process of pursuing several different strategies including excluding aviation activities from the main policy and supplementing it with a term. Basically we'll shop and min/max.
I've looked at the AOPA insurance product, but can't honestly tell if it's a good deal or not right now. I'd be interested in understanding the general insurance strategies people have chosen (including none if that was your choice).
Free advice portion: If your wife says, "Why do we need life insurance? We're never having kids and I make enough money to support myself." Buy it anyway. 5 years later we're having a child and she may stop working. Had I bought it then (before I was a pilot) things would have been easier/cheaper.
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