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.
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.
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.
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.
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.
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.