1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Advise when able to copy a number...

Discussion in 'General Topics' started by Fixtur, Nov 11, 2017.

  1. Fixtur

    Fixtur Well-Known Member

    Joined:
    Mar 19, 2015
    Messages:
    199
    Likes Received:
    218
  2. bucksmith

    bucksmith Did you lock the doors?

    Joined:
    Jan 21, 2009
    Messages:
    1,279
    Likes Received:
    935
    Hope he has AOPA legal plan!
    I knew a guy that delayed the space shuttle launch in a similar way. Except he was at work at the time. And he worked for Customs...I think he came out of it ok, guess it's all who you know. :rolleyes:
     
  3. JordanD

    JordanD Sizeable Member

    Joined:
    Nov 20, 2007
    Messages:
    7,648
    Likes Received:
    6,974
    Or he could just dump his money down the toilet every month.
     
    chrisreedrules and ATN_Pilot like this.
  4. MidlifeFlyer

    MidlifeFlyer Well-Known Member

    Joined:
    May 17, 2003
    Messages:
    6,539
    Likes Received:
    1,329
    My clients would not agree.
     
  5. ATN_Pilot

    ATN_Pilot Socialist Pig Member

    Joined:
    Jun 14, 2005
    Messages:
    22,032
    Likes Received:
    13,534
    I'm sure you're a fine attorney. But when I need you, I'll pay you. I don't need AOPA's legal plan for it.
     
  6. Murdoughnut

    Murdoughnut Well sized member

    Joined:
    Jun 12, 2006
    Messages:
    14,289
    Likes Received:
    6,711
    And his cockpit be all like ...

    [​IMG]
     
  7. Cptnchia

    Cptnchia Well-Known Member

    Joined:
    May 16, 2007
    Messages:
    8,517
    Likes Received:
    10,127
    And that’s great for YOU. We’re not all like you. Thank the Lord.
     
    Autothrust Blue likes this.
  8. ATN_Pilot

    ATN_Pilot Socialist Pig Member

    Joined:
    Jun 14, 2005
    Messages:
    22,032
    Likes Received:
    13,534
    I don't believe that anyone is better served by paying AOPA for their legal services plan. They're far better off taking that same amount of money and setting it aside in case they ever need it.
     
  9. ATN_Pilot

    ATN_Pilot Socialist Pig Member

    Joined:
    Jun 14, 2005
    Messages:
    22,032
    Likes Received:
    13,534
    Daaaaamn, that's a purdy panel. Someday. :)
     
  10. z987k

    z987k TeamANC

    Joined:
    Feb 3, 2010
    Messages:
    11,476
    Likes Received:
    7,176
    $100/yr? You can't have phone conversation with an attorney for $100.
    If you had it for 50 years and used it once for a real issue, you'd be money ahead.
     
    Roger Roger and ppragman like this.
  11. MidlifeFlyer

    MidlifeFlyer Well-Known Member

    Joined:
    May 17, 2003
    Messages:
    6,539
    Likes Received:
    1,329
    To each his own. There’s no right answer. Many, many people do just fine without an LSP. Others consider any insurance as throwing money down the toilet and self insure.

    Problem is, most people generally don’t set it aside. They don’t notice that small annual charge and, when they need assistance, don’t have to consider budgets and coming up with a significant retainer up front. They become more likely to use services earlier, which is usually to their benefit.

    Lawyers have mixed feelings about the plan. It’s a source of business (good), it gets people to call with small problems before they become big problems (good), but hourly fees are capped even after the plan benefit is used up, at half the going rate in many markets.
     
    CFI A&P and Autothrust Blue like this.
  12. ATN_Pilot

    ATN_Pilot Socialist Pig Member

    Joined:
    Jun 14, 2005
    Messages:
    22,032
    Likes Received:
    13,534
    You're ignoring the fact that the overwhelming majority of pilots will never in their entire lifetime need it. So after 50 years they've flushed $62,000 down the toilet, which would be the value of the same $100/yr invested in an index fund for that time. It just doesn't make actuarial sense, which is why AOPA is able to make money on it.
     
  13. CFI A&P

    CFI A&P Well-Known Member

    Joined:
    Mar 22, 2010
    Messages:
    2,841
    Likes Received:
    2,917
    It is what, $50 a year? After ten years you'll have $500 tied up. I don't know your attorneys but $500 doesn't go far with the ones I know.
     
  14. ATN_Pilot

    ATN_Pilot Socialist Pig Member

    Joined:
    Jun 14, 2005
    Messages:
    22,032
    Likes Received:
    13,534
    It's $99/yr for the decent plan. But again, $99/yr flushed down the toilet is over $60k at the end of your career if invested instead.
     
  15. NovemberEcho

    NovemberEcho Well-Known Member

    Joined:
    Jul 4, 2013
    Messages:
    4,472
    Likes Received:
    6,299
    Sometimes piece of mind is priceless
     
  16. Cptnchia

    Cptnchia Well-Known Member

    Joined:
    May 16, 2007
    Messages:
    8,517
    Likes Received:
    10,127
    It’s insurance. Just like flood, wind/hail, comprehensive auto, and life. I don’t plan on using any of them, but I have them. I guess I could invest the money instead, but would that be prudent?
     
    gotWXdagain, Roger Roger and milleR like this.
  17. ATN_Pilot

    ATN_Pilot Socialist Pig Member

    Joined:
    Jun 14, 2005
    Messages:
    22,032
    Likes Received:
    13,534
    Not really comparable. First, auto insurance is required by law. Second, it protects you from things that you simply couldn't afford to pay out of pocket if needed. For example, you get in an at-fault accident and are sued for injuries to the other driver. It's a six figure lawsuit. Can you afford to just pay it out? Or your homeowners' insurance. Can you afford to pay off your note if the house is destroyed by flood?

    By contrast, AOPA's legal plan is something that anybody who can afford a plane should be able to afford to pay out of pocket, so they're better off putting the money aside and just taking the very minimal risk.
     
  18. JordanD

    JordanD Sizeable Member

    Joined:
    Nov 20, 2007
    Messages:
    7,648
    Likes Received:
    6,974
    Ok, I might be biased, but I had AOPA legal for several years and tried to call for advice twice. The first time I basically didn't have any questions answered, the second time I could barely get the guy to call me back.
     
    moxiepilot likes this.
  19. Cptnchia

    Cptnchia Well-Known Member

    Joined:
    May 16, 2007
    Messages:
    8,517
    Likes Received:
    10,127
    Do you pay for health or life insurance?
     
  20. ATN_Pilot

    ATN_Pilot Socialist Pig Member

    Joined:
    Jun 14, 2005
    Messages:
    22,032
    Likes Received:
    13,534
    No life insurance. Health insurance, yes, because a catastrophic illness could not be paid for out of pocket. Again, that's what insurance is for: paying for things that you simply could not afford to pay out of pocket. If you can't afford to pay for 50 hours of attorneys' fees in the nearly zero probability that you're required to, then aviation probably isn't the hobby for you.
     

Share This Page