Should You Take the new Delta GVUL Option?

The goal for the show today is to provide you with a broad picture of being offered and share some things from our research that Delta pilots should be aware of and think through. Plus, we’ll offer some alternative options to this GVUL policy for pilots looking for a safe asset. If you’re just looking for a quick cliff notes version of what we discuss, skip to the final few minutes to hear us summarize all of our thoughts.

 

Also, make sure you check out this sequence of returns explanation Ryan recorded to understand this risk: https://www.youtube.com/watch?v=vSsR7Km5XRw

 

Here’s some of what we discuss in this episode:

0:00 – Intro

2:15 – What is this new policy and what is it replacing?

4:50 – The difference between term life and permanent life?

7:38 – 3 reasons why a Delta pilot might want to do this.

12:42 – The cons for this specific GVUL option that you need to be aware of.

21:52 – What could cause a policy like this blow up?

23:59 – Alternative options

33:02 – Structuring the policy for someone that isn’t concerned about the death benefit.

 

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