You moved a zero.

He said "For a $1M, 10-year term policy".....


"Jim Carter" wrote in message
news:000101c6bc7a$068f89a0$4001a8c0@omnibook6100.. .


-----Original Message-----
From: Joe ]
Posted At: Thursday, August 10, 2006 12:14 AM
Posted To: rec.aviation.piloting
Conversation: Life Insurance Dilema
Subject: Life Insurance Dilema

I am in the process of trying to buy life insurance for the first time
and I was wondering if anyone had any advice for me. I am sure many of
you have gone through this already.


1) If your employer offers it, group life is a very good option and
usually doesn't have limitations like skydiving and flying as PIC.

2) Try a shorter term and then change it as your experience grows.

3) "But honey, I have to go fly to keep our insurance rates
down..."

4) If you are just now buying life insurance then it is probably
safe to assume you are at the fresher end of the age timeline. Do you
really need $10mm? If so, take out the absolute minimum you really need
with PIC approved for a year or so and then take out another policy to
extend the coverage up to your requirements to cover the other 90% of
your time.

5) Typically, people don't require more than 10 times their annual
income, so using your figure of $10mm implies an annual income of $1mm.
If that's true then what the heck is $2900 other than pocket change?