MLBPA Insurance, The Lidle Crash & A Closet Full of Suits
"PPL-A (Canada)" wrote:
My question about this case is what about the rest of his life
insurance? One wonders if there was any ... or if it too excluded
coverage if he died while piloting. One also wonders, if there was
any other coverage, why no mention is made of this.
From the news articles, it appears the question is related to the payout of
MLBPA life insurance. The basic amount is for something like $1 million,
with an additional amount of $500,000 for accidental death. Neither would
be paid if he was the pilot flying at the time of the accident.
Lidle's wife would still be eligible for about $170,000 a year in
survivor's benefit from his retirement plan.
Further, he was just finishing a 2 year contract where he earned something
like $4 or $5 million. I suppose any of those assets remaining could be
tapped for any lawsuits against his estate.
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