On Wed, 9 Aug 2006 22:31:53 -0700, "BTIZ"
wrote:

Why do you need a 1M 10year term policy?
You should have at least 10x your income in life ins...
to support those who depend on you (wife, kids, etc)

Why term? it's the cheapest insurance there is.

Why 10 years? perhaps he plans to be self-insured in 10 years.

And I suspect I know why he went to Zander...must be a Dave Ramsey Fan
like me www.daveramsey.com

I went to Zander for a term life quote and input that I was a pilot.
They emailed that they would 'get back with me'...but never did.

I ended up buying from Avemco...~$800/year for $500K 20-year term for
a 40-year old 6' and 240 lbs. Would be less for someone younger or
in better shape. (Policy is underwritten by AIG)

I have ~400K thru work also...

Find a broker who deals with companies that understand aviation.

see above...

Maybe lower your coverage?
If he makes over 50K/year $1M coverage may be right.

Buy whole life?
Please Don't!!!!!! If you do the math, you'll find that whole life
is one of the most expensive ways to buy life ins and the effective
interest rate is about 2-3%. You can do better with term life and a
good mutual fund.


--Don
Don Byrer KJ5KB
Radar Tech & Smilin' Commercial Pilot Guy
Glider student & CFI-SEL wannabe
kj5kb-at-hotmail.com

"I have slipped the surly bonds of earth; now if I can just land without bending the gear..."
"Watch out for those doves...smack-smack-smack-smack..."