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re: Baton Rouge: 6 officers shot: 3 dead, one fighting for life
Posted on 7/19/16 at 6:17 pm to Hangit
Posted on 7/19/16 at 6:17 pm to Hangit
quote:Standard policy is for most public employees to have a year's salary life insurance policy that is automatic. If they were members of the their PBA, they could get some from that, too.
Is there an insurance policy funded by the city that automatically kicks in if a LEO is killed in the line of duty?
Any underage children will be eligible for Social Security on their parent's account until they are 18. They may be eligible for something on the state pension fund, too, but I don't know about that for sure.
If you have kids, a wife, etc., you need to purchase life insurance.
1
Posted on 7/19/16 at 7:24 pm to HarryBalzack
A poster earlier explained the there are different amounts given from different levels of government. What he explained broke down to about 650k, plus 50-80% of his salary.
This does not count any Gofundme, etc. I would also like to see the spouses given free investment advice. If they got 5% on 650k, that would be $32,500 per year, plus 80% of their husband's salary is enough to live on.
At a time like this, I think that their financial future should be their last concern. They all have enough on their minds right now.
This does not count any Gofundme, etc. I would also like to see the spouses given free investment advice. If they got 5% on 650k, that would be $32,500 per year, plus 80% of their husband's salary is enough to live on.
At a time like this, I think that their financial future should be their last concern. They all have enough on their minds right now.
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