| Msg ID: 2803661 |
Life Insurance over 60 +1/-0
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| Author:Old Dude
1/22/2024 12:48:01 PM |
Gents, My 20 year term life with USAA is set to end in a few months. Any pilots my age that have found coverage to include commercial flying ? Thanks for the help !
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| Msg ID: 2803679 |
Life Insurance over 60 +0/-0
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| Author:BigT
1/22/2024 3:33:07 PM Reply to: 2803661 |
Try Navy Mutual |
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| Msg ID: 2803693 |
Life Insurance over 60 +0/-1
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| Author:gringo
1/22/2024 9:46:37 PM Reply to: 2803679 |
Harvey Watt |
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| Msg ID: 2803694 |
Can you not self insure +1/-3
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| Author:At 60?
1/22/2024 9:52:32 PM Reply to: 2803661 |
Do you still need any kind of sizable payout? |
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| Msg ID: 2803710 |
Can you not self insure +2/-2
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| Author:self insure life insurance
1/23/2024 9:05:14 AM Reply to: 2803694 |
lol wut |
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| Msg ID: 2803723 |
Self insure +2/-6
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| Author:Means
1/23/2024 10:32:20 AM Reply to: 2803710 |
Instead of getting insurance you can cover the costs out of pocket. I e. If you had 6 months of expenses saved up you could afford to go without short term disability, because you've already got the money saved. Life insurance is usually held to cover funeral expenses at a minimum, and replace someone's income for their spouse and/or children at higher levels. At 60, I would think you'd be close enough to retirement that your assets would be such that you wouldn't need a big payout for your dependants. |
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| Msg ID: 2803724 |
Self insure +2/-3
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| Author:oh ok
1/23/2024 10:35:13 AM Reply to: 2803723 |
but maybe let the guy that wants life insurance worry about whether he wants life insurance. thanks for that really helpful information on what life insurance is for. |
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| Msg ID: 2803732 |
Self insure +0/-1
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| Author:OP
1/23/2024 11:56:51 AM Reply to: 2803724 |
Ok, I didn't want to I overshare. Second family with very young wife and young kids . That and too much time as a bottom feeder = not a great financial position. I have no one to blame but myself . Still looking for life insurance guys ! |
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| Msg ID: 2803744 |
Best I can offer ya +0/-1
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| Author:Is
1/23/2024 1:41:56 PM Reply to: 2803732 |
AOPA is who I ended up getting mine through. Had a policy through work and one through AOPA to make up what I wanted. Eventually migrated away from work and went all in AOPA. Even with the cost of membership it was the cheaper option, although they just raised rates on their "term" plan. Good luck. |
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| Msg ID: 2804121 |
Self insure +0/-0
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| Author:BTDT 2
1/26/2024 8:15:57 PM Reply to: 2803732 |
I'm 64 with a 40 year old wife, 2.5 year old son and 6 mo old daughter. My 20 yr term runs out in a couple of years. I'm not planning to get any more lie insurance, but who knows. Please let us know how things go. BTW, I'd think the AOPA route is probably the most viable. Good luck! |
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| Msg ID: 2803743 |
Hrm (NT) +0/-1
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| Author:Fair point
1/23/2024 1:38:59 PM Reply to: 2803724 |
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| Msg ID: 2803745 |
Self insure +1/-1
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| Author:yeah
1/23/2024 1:44:10 PM Reply to: 2803723 |
don't buy car insurance if you have enough money to buy another one. same with the house. |
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| Msg ID: 2803756 |
Risk vs Reward (NT) +0/-1
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| Author:Make your own decisions
1/23/2024 3:30:32 PM Reply to: 2803745 |
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| Msg ID: 2803788 |
Risk vs Reward +0/-2
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| Author:Older td
1/24/2024 1:20:06 AM Reply to: 2803756 |
solve the decision die and get over it |
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| Msg ID: 2803973 |
Life Insurance over 60 +1/-1
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| Author:I did
1/25/2024 9:55:29 AM Reply to: 2803661 |
the same thing. When it lapsed we had enough such that my presence wasn't required financially. Suggest being conservative and PAYGo in to retirement accounts, and, make sure you know where your monthly income is going to come from once required. Just having a load of money sitting in a brokerage account is definitely not the answer. |
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