logo

English
                 

Neil Armstrong Couldn't Afford Life Insurance,
So He Used a Creative Way to Provide for His Family
If He Died

After all the danger, glory, and fame it's easy to forget that at the end of the day astronauts are federal employees subject to the same General Schedule (GS) pay scale as everyone from typists to CIA agents.

Unfortunately, a federal salary wasn't enough for Apollo 11 astronauts to purchase life insurance.

When Neil Armstrong and the rest of the crew of Apollo 11 piled atop that huge rocket packed full of fuel in 1969 they were under no illusions that it may have been the last thing they ever did. Unfortunately, neither was anyone who might have insured their lives, and helped provide security for the astronauts' families in case they didn't come home.

A postal cover marked after Apollo 11 returned
(Stampauctionnetwork.com)
Back then astronaut captains made about $17,000 a year,NPR reports and a life insurance policy for Neil Armstrong would have run about $50,000 a year, or more than $300,000 in 2012 dollars.

What the trio did to provide for their families has become somewhat of a low-flying legend, mentioned here on the website, UK Insurance.

It happened like this:

Because some guys from the prior Apollo missions had gotten colds and mild bouts of queasiness on their trips, NASA had implemented a quarantine procedure before liftoffs.

So about a month before they were set to go to the moon, Neil Armstrong, Michael Collins, and Buzz Aldrin were locked into a Plexiglas room together and got busy providing for their families the only way they could — they signed hundreds of autographs.

In what would become a common practice, the guys signed their names on envelopes emblazoned with various space-related images. The 'covers' would, of course, become intensely valuable should the trio perish on the mission. They're now often referred to as " Apollo Insurance Covers."

And to ensure the covers would hold maximum value, the crew put stamps on them, and sent them in a package to a friend, who dumped them all in the mail so they would be postmarked July 16, 1969 — the day of the mission's success — or its failure.

Fortunately, the trip went off without a hitch and all three men went on to live long, healthy lives and all remained alive until Neil Armstrong's death a few days ago.

The covers are still around, and not too hard to find. In 2011, Collectors Weekly pegged their average value at around $5,000.

No. Subject Date Author Last Update Views
Notice How to write your comments onto a webpage [2] 2016.07.06 운영자 2016.11.20 18194
Notice How to Upload Pictures in webpages 2016.07.06 운영자 2018.10.19 32373
Notice How to use Rich Text Editor [3] 2016.06.28 운영자 2018.10.19 5929
Notice How to Write a Webpage 2016.06.28 운영자 2020.12.23 43843
154 문화재등록 예고된 시사만화 '고바우 영감' 김성환 화백 [7] 2012.12.26 황규정*65 2012.12.26 6235
153 Greetings from SNUH, Seoul [3] 2012.12.18 최원일*70 2012.12.18 4694
152 Obama Speech at Newtown [5] 2012.12.18 황규정*65 2012.12.18 2343
151 시카고 동창회 소식 [6] 2012.11.28 노영일*68 2012.11.28 7458
150 US will be the No.1 Oil Producer of the World [5] 2012.11.14 운영자 2012.11.14 2294
149 Language and Race Study: Palin's "Shuck and jive" [3] 2012.10.25 운영자 2012.10.25 5356
148 <b>Sigetop, 2012 Fourth Quarter PDF Edition</b> [1] 2012.10.23 운영자 2012.10.23 4921
147 외신들도 감탄한 G20 대한민국 소개영상 [8] 2012.10.16 Rover 2012.10.16 4622
146 World's Highest Skydive! A Record-Breaking Supersonic Jump [5] 2012.10.14 운영자 2012.10.14 2836
145 [RE] 노벨문학상과 정치 [1] 2012.10.13 운영자 2012.10.13 4755
144 [re] Mo Yan wins the 2012 Nobel Prize for Literature [2] 2012.10.12 운영자 2012.10.12 2643
143 Pope’s Butler Sentenced to 18 Months in Theft Case [1] 2012.10.06 운영자 2012.10.06 2534
142 Feds charge 91 in $430 million Medicare fraud [3] 2012.10.04 운영자 2012.10.04 4878
141 Premium hikes for top Medicare drug plans [2] 2012.09.25 Rover 2012.09.25 2765
140 김태기 동문 귀국 환송 [6] 2012.09.02 노영일*68 2012.09.02 5566
» Neil Armstrong's Life Insurance before the moon trip [1] 2012.09.01 Rover 2012.09.01 12169
138 "독도는 우리 땅!" -- "올림픽 축구 메달도 우리 것!" [10] 2012.08.10 이기우*71문리대 2012.08.10 5525
137 [re] 대한민국, 올림픽 축구 첫 4강진출 [6] 2012.08.04 황규정*65 2012.08.04 4225
136 [Olympic 축구] 기쁜 아침입니다. [10] 2012.08.04 김성심*57 2012.08.04 6184
135 [Olympic] Archery - A Korean breaks world record [4] 2012.07.27 Rover 2012.07.27 5359