Do you know what happens to your Southwest Airlines group term life insurance policy if you become disabled or retire early?  It may be different from what you’ve heard on the crew van!
In this short video, Charlie outlines exactly what happens to your group term life insurance policy if you become disabled or leave Southwest Airlines.  If you don’t have time to watch the entire video, here are three takeaways that may help you make the best decision for you and your family as it pertains to your life insurance coverage:
  1. You will NOT lose your SWA life insurance if you become disabled, however, you may experience an increase in premium that could be significantly higher than what you’re currently paying for life insurance.
  2. You have the option to convert your group term life insurance to a permanent whole life policy if you leave SWA due to a disability.
  3. Be careful of switching to the Regular Healthcare Plan if you do not already have sufficient non-SWA group term life insurance coverage in place.
  4. You can only have a maximum of $100,000 of SWA group term life insurance coverage if you’re using the Regular Health plan at SWA.


As always, we appreciate your comments and suggestions.  Please feel free to reach out if you’d like to discuss your life insurance coverage and your airline benefits in general.  In my opinion, there is no other industry that offers the benefits of the airlines so be sure to maximize the benefits available to you and your family.   Don’t hesitate to call or email.  We’d love to help!

Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this video will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for your portfolio. Moreover, you should not assume that any information or any corresponding discussions serves as the receipt of, or as a substitute for, personalized investment advice from Leading Edge Financial Planning personnel. The opinions expressed are those of Leading Edge Financial Planning as of 11/08/2020 and are subject to change at any time due to the changes in market or economic conditions.

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