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@Brisdad53 Why not keep a life raft on board for everybody too? Because that would be impractical. You always have to balance practicality, storage space, and cost with your acceptable level of risk. Level of risk will change depending on environment and individual comfort as well. Personally I'm not going to go spend $3000 on PLB's for everyone on board, as its just not worth it given the extremely low chances that we'll actually NEED all of them.
@Brisdad53 I own an Epirb and a PLB. I also own mustang survival HIT lifejackets. Every life jacket in my boat has 20ft of paracord in each pocket. If we ever have to ditch the boat we will tie ourselves together. Having 6 PLBS is pointless, ESPECIALLY if they're all kept in a ditch bag. PLBs should be kept on person and not in a bag.... I've been in two instances offshore where our boat almost capsized. It can happen so fast you barely have time to grab life jackets or the ditch bag.... that's I bought $250 life jackets that I wear when underway and that's why I spare no expense on safety equipment.... but again, having 6 PLBs on board (especially in a bag) is pointless...