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Maximizing Your Pension


December 1, 2012

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If you’re relying on your pension to help cover expenses for you and your spouse once you retire, you may be tempted to elect for a lower pension in exchange for continued pension payments to your surviving spouse after you die.

Most companies will offer that option (known as Joint & Survivor), and it may seem the prudent course. But in many cases, you can safely select the other option—higher pension payments that end when you die. This option (known as Life Income) can still provide security for your spouse through the use of a pension maximization strategy utilizing life insurance.

What is pension maximization? Does a pension maximization strategy make sense for you? Learn the pros and cons of pension maximization.

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  • Audience: Adults

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