bandit317
Well-known member
- Joined
- Apr 25, 2004
- Posts
- 105
Loss of license insurance is through ALPA, and underwriteen by New York Life - if I remember. I investigated it a few years ago and concluded that it is a rip-off. You are better off with disability insurance through your company. The problem with ALPA's plan is that it is not a term plan. The rates increase yearly as you age. What looks like a good deal at age 30, steadily increases until some outrageous rates later on in life. You'd be better off investing that money in stocks for a higher return.