pdwalter(at)bigpond.net.a
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 Posted: Wed Oct 04, 2006 3:45 pm Post subject: Life insurace |
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I agree that it makes sense to have full life cover.
I have chosen to link my life cover with my employer superannuation fund ( in the U.S.A i believe it is called a 401K plan or similar).
Here in Australia employers pay a standard contribution of 9% of annual salary received. ( once again i am unsure of employer obligations in the U.S.)
My insurance premiums are deducted from these payments as apposed to my bank account.
Please do not misunderstand the point im making - I am still paying for life cover it just doesn't have an effect on my monthly cash flow, allowing me to spend premium on my plane.
I then inturn monitor the investment performance of my retirement shares and managed funds (mutual funds) with in this investment in order to "claw back" premium expenses.
I am fully covered for aviation incidents. ( although I must clarify experimental category as I was only a G.A pilot when policy commenced)
You would have to look into this carefully as I do not profess to be an expert on the American retirement planning system.
What ever avenue you chose this area needs to be addressed.
Paul Walter
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