Is a GVUL a good investment?

It just depends. By putting money in a GVUL, it’s not going to grow at the most efficient rate. If you invested tax-efficiently inside a brokerage account, and you do tax loss harvesting during the bad years, you could argue that it’s probably better to do that and have liquidity versus locking funds up. However, a lot of people like the idea of depositing money into this so it grows and you get the tax deductibility right away.

What to do before investing in a GVUL:
1. Eliminate all debt (Credit card, car, etc)
2. Have an emergency fund in place (6 months living expenses)
3. Save pre-tax into your airline 401k plan
4. Do a backdoor Roth IRA
5. Then, contribute to the GVUL if you’re still in the 37% tax bracket and trying to get out

What happens when you leave the airline?

When you leave the airline, the GVUL policy is portable. However, you’re going to have to keep paying those premiums for your policy. Keep in mind that when you pull the money out, it is going to be taxed as income, not capital gains. When you pass away, your your beneficiaries will inherit this money as income.

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Delta Pilot GVUL Information Part 2

In the previous article, we discussed the basics of the Delta Pilot Group Variable Universal Life (GVUL) insurance plan. In this article, we will delve deeper into the specific features and benefits of the plan.

One of the key advantages of the Delta Pilot GVUL plan is its flexibility. It allows pilots to customize their coverage based on their individual needs and financial situation. Pilots have the option to choose their coverage amount and make adjustments as their circumstances change.

In addition, the plan offers a wide range of investment options. Pilots can select from a variety of investment funds, including equity, bond, and money market funds. This flexibility allows pilots to tailor their investment strategy to match their risk tolerance and financial goals.

Another unique feature of the Delta Pilot GVUL plan is the ability to access cash value. This means that pilots can borrow against the cash value of their policy to meet financial needs, such as education expenses or a down payment on a home. This feature provides pilots with financial flexibility and can serve as a supplemental source of funding.

Furthermore, the plan offers a number of optional riders that pilots can add to their coverage. These riders provide additional benefits, such as coverage for critical illness, disability, and accidental death. Pilots can choose the riders that best suit their specific needs and enhance their overall protection.

Lastly, the Delta Pilot GVUL plan also includes a unique feature called the “Rider Exchange Program.” This program allows pilots to exchange existing riders for new ones without having to provide evidence of insurability. This allows pilots to adjust their coverage over time as their needs change, without the hassle of additional underwriting.

Overall, the Delta Pilot GVUL plan offers a comprehensive and flexible insurance solution for pilots. Its customizable coverage options, diverse investment choices, cash value accessibility, and optional riders make it a valuable tool for financial planning and long-term security.

In conclusion, the Delta Pilot GVUL plan is designed to provide pilots with the protection and flexibility they need to secure their financial future. With its unique features and benefits, it is an attractive option for Delta pilots looking for comprehensive insurance coverage.