Term Life Insurance

[Igor]

For active and former members of the armed forces you may want to try usaa for insurance (not just life) they seem to me to be very good and as far as i know have very good rep.

 

[siouxicide]

Miinesota Life charges me $88/quarter for a lousy 100,000. Only 5 year terms, too! Apparently I'm getting screwed.

It is a tiered system based on your physical condition, risk factors such as smoking, and whatever they find in the physical and bloodwork. My rate was the preferred select rate.

 

[matthewjohn]

http://www.piclife.com/

this got me the best rate hands down.
Ask for Doug Brumfield.

 

[AZ Typed]

AIG ?

AIG doesn't sell term insurance.

A company they own sells term, American General, which is profitable and still rated very high.

AZ T

 

[AZ Typed]

If your an ALPA member the programs offered as additional coverage are very competitive. Just call member services, they have many programs to choose from.

About the only thing ALPA is good for these days.

Undewriter is Guardian Life Insurance Company, you may be able to buy into the program without being an ALPA member. The last time I looked you just have to be an active P121 pilot. Check it out.

ALPA's term life insurance is a rip off. I've quoted it in various situations, always more expensive than many other companies, even with aviation "issues."

Someone mentioned PIC Life: www.piclife.com. They know the pilot game better than anyone else when it comes to life insurance.

Get enough, it's cheap. We recently had a family member pass suddenly in his 50's...$500,000, with very little debt...and it wasn't enough. Get at least $1,000,000.

And don't buy it from one of those stupid MLM companies like Primerica for goodness sakes.

AZ T

 

[CitationCapt]

PICLife

I agree with term insurance from PICLIfe, which is an agent for American General. I believe they took over Old Line Life a few years back. I pay $96 every three months for a 30 year level term. They contract the physical for the application.

CC

 

[cezzna]

I'd be wary of buying any life insurance from a company that is public now. Some 12 or so are trying to get tarp money. Stick with a mutual company. I fly for one. PM me if you wish, they are pilot friendly.

 

[AZ Typed]

I'd be wary of buying any life insurance from a company that is public now. Some 12 or so are trying to get tarp money. Stick with a mutual company. I fly for one. PM me if you wish, they are pilot friendly.

You have no idea what you're talking about, sorry.

Insurance companies and mutual fund companies are regulated separately. Insurance companies must contribute to state guarantee funds - if the insurance company goes insolvent, the state pics up the tab to guarantee funds available for claims. Mutual fund companies do not. If the mutual fund makes bad decision, you as a shareholder are out of luck. In addition, credit rating agencies look at factors affecting credit worthiness for insurance companies, hence ability to pay claims. These ratings are reliable. Mutual fund companies have morningstar, a backend payout system which is rarely accurate nor reliable and has nothing to do with paying claims.

An insurance company and a mutual fund company are two totally separate types of businesses - one a contract, the other a gamble.

AZ T

 

[ualdriver]

He probably meant insurance companies that are run as mutuals, like State Farm.