Business & Economy · 35 views
The Life Insurance Move That Lets a Retiring 64-Year-Old Take the Higher Single-Life Pension and Still Leave His Spouse $720,000 Protected
Robert chose the $4,800 single-life pension over the $3,900 joint-survivor option, redirecting the $900 difference to fund a $720,000 life insurance policy for his wife.
Summary
Robert chose the $4,800 single-life pension over the $3,900 joint-survivor option, redirecting the $900 difference to fund a $720,000 life insurance policy for his wife. Secure life insurance approval before making any pension election, since most pension choices are irrevocable once benefits begin.
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