When comparing this income continuance policy with that of other insurers/funds
Income protection calculator, there is stark difference, and it is a concern as to what the fine print is. Most insurance companies have their product disclosure available freely online. What insurance company would put itself in a situation which goes against most common insurance practise of increased cost with increased risk i.e. The older one is, the more one pays? It just does not make sense! Junior F/O’s seem to be subsidising older pilots for a lower benefit??
The comparison chart between funds is almost misleading, as it does not publicly state what the payout is for non 737 Captains is. So if we take the case of two pilots of the same age, joining the
VB on the same day, several years later due to the second GFC, one has a command, while the other does not – Why isn’t the benefit the same for both, in the event of a claim as I am sure their financial needs would be similar??
The other problem with this policy is that it is exclusive to
VB group pilots. So what happens when one chooses to further their career with another carrier, or when VA/
Vb falls over?? You have to start again with a new provider, and pity if one has turned 45 or more.
What number policy is this for viapa again 3rd or 4th??