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Not all pilots will stay in until they are busted out or until they are 60. Take the fellow in the last paragraph who has a prior service credit of $68. Suppose he flys for three more years and averages $850 per month, and then his wife gets lonesome and he decides to stay at home and sell real estate. At that time his annuity credits are $87, per month. When he retires at or after 60 he'll get $87 per month. And his survivorship insurance carries on. 

Let's go back to the boy who was born in 1913 whom we've followed through the Company plans and the ALPA plan. Suppose that instead of flunking his physical on February 1, 1955, he dies. What will his wife and children get?

The widow will be entitled to $72.90 per month and each unmarried child under 21 to $48.60 per month. Suppose the pilot is survived by the widow and two children who are 11 years, 4 months, and 8 years 9 months, respectively. The family would receive $170.10 per month for 9 years and 8 months, until the older child is 21; then $121.50 for 2 years 7 months more until the younger child is 21. Then the annuity would be suspended until the widow is 60, at which time she'd receive $72.90 for the rest of her life, providing she did not remarry. All this is the equivalent of about $27,500 of life insurance payable to your family. 

Suppose the fellow in the preceding paragraph was not married, but left a dependent mother, who was 61 when the pilot died. What would she get?

She'd get $72.90 per month for the rest of her life. If you tried to buy an annuity of that amount for a woman aged 61 from an insurance company, you'd discover that it would cost you over $15,000. 

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