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avalpert t1_itt8fud wrote

Reply to comment by Seinfeld-Lyfe in Buying a duplex…and an airplane by Seinfeld-Lyfe

Group plans are also different from individual plans - when you need life insurance (because you have dependents relying on your income) it is prudent to have a policy independent from your employment.

That said, it is still possible to be insured as a pilot.

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Seinfeld-Lyfe OP t1_itt97t9 wrote

Haha I feel the life insurance concerns can be laid to rest. I am very aware of my policy and know a significant number of people in my job (which is flying airplanes) who fly separately from the job and we all had to go through specific channels to get approval for flying outside of the job before we started doing it. Trust me. The life insurance is no issue. I appreciate the concerns!

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avalpert t1_itt9iz7 wrote

It's not about the policy - it's about the risk you get hit by a bus on your way home from being fired... Or the any number of other circumstances where you die while no longer employed (which is not always a timeline you control).

It's one of those situations where even if the risk is low, the impact if it happens can be so significant that paying to insure it is just prudent.

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Seinfeld-Lyfe OP t1_itta1zq wrote

Ok. I’m not going to go and list how my life insurance works or why I don’t have to worry about it as it relates to my employer, but I am covered completely. It is a unique situation and I am lucky to have it. I’m covered from the bus, I’m cover from the airplane getting swallowed by a giant bird, I’m covered.

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