Sleeve:
Quote:
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"The young guys today aren't stupid.
They just aren't going into the Airline business..................until it shows a bit of appreciation, either financial or wrt. acceptable lifestyle, particularly later in their career"
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You are indeed correct, - (and I am a late starter) from what I have personally seen, and from what I know to be true from mates of mine who are seriously doing the hard yards in Northern OZ and commuterland in euroland - BM and Ryan, , it is a sacrifice that is not negotiable for me personally - given - Kids (they are my life) and the financial risk of it, not to mention the stress of having a machivellian HR department looking at my every move, but as a friend of mine who is a 47 capt said, "ya know , you're addicted, it is not going away easily" - he is right of course.
Honest, Kids are the beeeeze neeeeze, nothing comes close, and it never ceases to pi55 me off that "corporate" culture expects you to compromise that, its not just the lines that want that you know, its endemic in most professions.
so I guess, I'm destined for a "grumpy" tailwheel instructor in retirement then, worse could happen I guess.........actually thats my plan.
ps: did waaaaaaaay too much golf in uni to be bothering with it now
pps: The global "recovery" for uncontested superannuation/life policies(pensions) by the issuers on an annual basis is often in excess of 600Mil, that is to say , the issuers of Life/Pension policies collect the "uncontested" premium balances and absorb the principle paid(over the many years) without contest as a matter of normal operation.
In plain english this means that anyone who dies before their pay-out date , unless they have nominated and INFORMED, the said issuer company of the beneficiary , then the issuer of the policy gets the lot, very common amongst the scared under 30's who are lets face it (bungee jumping and Thai drug parties) more likely to ahem...........kick the bucket rather than die in a left-handed-erect-spin in a tail wheel.
I know many actuaries who have bugger all life insurance and no assurance.
Their perspective makes you think eh ?