| Insurance to cover joint & survivor pension |
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exthree
First Time Poster
Cash: $ 0.25
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Joined: 25 Oct 2011
Location: N.E. Penna.
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| Insurance to cover joint & survivor pension |
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Does anyone buy term life insurance to boost DB payout from 90% J&S to full single annuity monthly payment?
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Tue Oct 25, 2011 1:48 am |
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globaldoc2001
Senior Member
Cash: $ 75.25
Posts: 366
Joined: 30 Aug 2011
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I just simply go for fund savers and life insurance. After a few years, the policy is going to yield me a substantial amount of money while the policy goes on. I think I like these kinds of policies.
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Tue Oct 25, 2011 6:03 am |
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debedwards
Preferred Member
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Joined: 19 Aug 2011
Location: Connecticut
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It's not as big as when you invest in another way. I mean yes you can earn something but it's not as substantial as when you opt for a whole life insurance which also acts like your savings account.
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Sat Nov 05, 2011 2:43 am |
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johnpeterr
New Member
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Joined: 28 Dec 2011
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Many people purchasing existence cover realize that insurance offers a practical method of dealing with unpredicted situations, just like a dying inherited, or even the demise in the primary earnings earner.
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Sun Jan 01, 2012 12:28 pm |
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oldguy
Senior Member
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Joined: 21 May 2006
Location: arizona
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quote:
Does anyone buy term life insurance to boost DB payout from 90% J&S to full single annuity monthly payment?
Yes - rather than spending 10% of your DB pension for survivor life insurance, you can usually find a better deal outside of your DB system.
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Sun Jan 01, 2012 1:22 pm |
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chrisk86
First Time Poster
Cash: $ 0.20
Posts: 1
Joined: 18 May 2012
Location: Denver, Co
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It seems like a better choice to go with whole life insurance, but you should definitely look into several plans. Everyone is different!
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Fri May 18, 2012 7:38 pm |
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sethm
Member
Cash: $ 3.80
Posts: 19
Joined: 07 May 2012
Location: United States
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The weird outcome is that joint and survivor pensions are bad deals if the retiree lives a long time, and a good deal if they die early.
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Tue May 22, 2012 3:24 pm |
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