Re-emphasis on the $10,000 life insurance
policy that Delta still carries on Pilot retirees. Many survivors seem unaware of it
In a message dated 8/5/2023 8:40:29 PM Eastern Daylight Time, kuhill2660@gmail.com writes:
Mark & Travis: I wanted to let you know that I have
received a couple of emails & two phone calls from Delta folks thanking me
for information on benefits that you published on PCN; hopefully they were
helpful to a few.
Now, I have a question for you. Travis Foster sent me an
email suggesting that I sign up to the DDPSA website, which I did. Upon
reading through this voluminous report, I ran across the following. Did
Delta or D&S Plan offer the $10,000 life insurance as a befit after a
pilot's death? I never received any such benefit and cannot actually
determine if it was eliminated throughout the revisions.
Thank you, as always for your assistance!
Kathryn Hill
Hi Kathryn,
Delta provides a $50,000 basic life
insurance plan that reduces by $10,000 each year AFTER the pilot's retirement
date until it is reduced to $10,000 and then remains at that amount. You should
have been made aware of that when you reported your husband's death to Delta.
Metropolitan Life Insurance Co. administers the plan.
You can call Metlife at 800-638-6420 (Also
try 866-939-7409) to initiate the claim.
Travis Foster
814-861-3015
---------------------------------------------------------------------------------------
From: Travis
Foster
Sent: Thursday, August 10, 2023 8:06 PM
To: misc.pcn@gmail.com
Cc: egost@hotmail.com
Subject: Check out Retiree Death Checklist - June 17, 2011 - Retiree
Death Checklist and Survivor Benefits Processing
Insert:
Travis has corrected his below revision to the phone number, the Delta number
is correct. But all the info on the $10K life insurance policy is worth sharing
again.
Mark, I now know a 2nd item that is out of
date on Delta's Retiree Death Checklist (dated March 2015):
Step 3 on Page 3 concerning claim initiation
on Basic & Optional Life Insurance states that the the Metlife # to call is
866-939-7409. That # will eventually get the caller to the right person after
one or more transfers, but the CORRECT # is 800-638-6420 which will save a lot
of time. Have the Soc Sec # and DOB for the deceased pilot on hand to help that
person identify the correct policy holder.
Widow Kathryn Hill was not aware of that
$10,000 Basic Life Policy (which is a group policy) and I gave her the old 866
# to initiate her claim. When I called her to see how it went, she said she had
to go thru the process several times to reach the right person. So, I then
repeated that same transfer process before talking to the right person ( I
think it has to do with it being a group policy). The 3rd person confirmed that
the correct # is 800-638-6420.
I was also amazed that Kathryn was unaware of
the Metlife basic policy! She said she learned of it when she went on the DDPSA
website (scroll down to see her email).
I guess that info needs to be emphasized to
all of the pilot spouses. I will fwd this info to all of the pilots on my
distribution list as well as the widows on another distribution list.
Travis Foster
From: thfoster6@aol.com
IMPORTANT SURVIVOR information in many former
HL issues but INSURANCE section of High Life 340 and FINANCE section of 336 a
good resource to keep.
CORRECTION to language I used in HL 350 for
the D & S Plan TRUST
I previously
used the word ‘unfunding’ or ‘defunding’
the Trust but I believe that is in error and can cause unnecessary
misunderstanding. The Company is not defunding the Trust but
rather funding it ‘monthly’ as opposed to carrying a long term balance. There IS a tax advantage for both Company and
Beneficiary from the Section 501(c)(9) nature of the Trust so, one would expect
to see the Company continue to keep the Trust even though the funding is not executed
well in advance.
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