Engage: The Podcast for Delta Pilots

E38: GVUL: What Pilots Need to Know About the New Group Variable Universal Life (GVUL) Insurance Option


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Delta pilots now have a new contractual life insurance option, which can save them tax dollars now and opens a wide variety of investment options while offering benefits to pass along to families and beneficiaries. In a conversation with Jonathan Roman, MetLife’s GVUL administrator, the Engage team, along with Retirement & Insurance Committee members Scott Bowles and John Doherty, sift through the details of the GVUL compared to our current term policy provided by Delta. Highlights include an updated death benefit provided to Delta pilots and paid for by the Company, significantly reduced imputed income for pilots of all ages, tax-free and tax-deferred investment options which pilots can withdraw for any reason at any time, and the ability to take the GVUL policy with you in retirement.  

Pilot action is required!  The GVUL will be offered during Delta’s open enrollment period, November 1-17, 2023. Pilots must first select the GVUL option during the open enrollment period and then enroll with MetLife through an emailed link. Pilots who wish to remain on the current term policy need not take any action. Active pilots may opt-in and enroll during subsequent year open enrollment periods. That is, if you miss the two-step process deadline this year or decide to wait, you can enroll next year and in the future during the open enrollment period. 

For more information, please go to https://www.metlife.com/gvul/DeltaAirLines/ 


Jonathan Roman will also present the GVUL benefits during WebEx sessions on the dates below. Click here to attend remotely.

  

Date 

10/26/2023 - 10:00 am ET 

10/30/2023 - 7:00 pm ET 

11/7/2023 - 9:00 am ET 

11/16/2023 - 2:00 pm ET 

12/5/2023 - 10:00 am ET 

12/7/2023 - 2:00 pm ET 

...more
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Engage: The Podcast for Delta PilotsBy Delta MEC Communications

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