Home     Forum     401k     401k Rollovers
    Register   Login   Members   Search   FAQs     Recent Posts    



Insurance to cover joint & survivor pension

Reply to topic
Money Talk > Retirement Planning

Author Thread
exthree
First Time Poster


Cash: $ 0.25

Posts: 1
Joined: 25 Oct 2011
Location: N.E. Penna.
Insurance to cover joint & survivor pension  Reply with quote  

Does anyone buy term life insurance to boost DB payout from 90% J&S to full single annuity monthly payment?
Post Tue Oct 25, 2011 1:48 am
 View user's profile Send private message
globaldoc2001
Senior Member


Cash: $ 75.25

Posts: 366
Joined: 30 Aug 2011

 Reply with quote  

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.

Business Tax Filing
Debt Consolidation Companies
Post Tue Oct 25, 2011 6:03 am
 View user's profile Send private message
debedwards
Preferred Member


Cash: $ 21.70

Posts: 106
Joined: 19 Aug 2011
Location: Connecticut
 Reply with quote  

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.

elder care specialist | long term care insurance costs | life line screenings
Post Sat Nov 05, 2011 2:43 am
 View user's profile Send private message
johnpeterr
New Member


Cash: $ 1.40

Posts: 6
Joined: 28 Dec 2011

 Reply with quote  

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.
Post Sun Jan 01, 2012 12:28 pm
 View user's profile Send private message
oldguy
Senior Member


Cash: $ 751.85

Posts: 3656
Joined: 21 May 2006
Location: arizona
 Reply with quote  

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.
Post Sun Jan 01, 2012 1:22 pm
 View user's profile Send private message
chrisk86
First Time Poster


Cash: $ 0.20

Posts: 1
Joined: 18 May 2012
Location: Denver, Co
 Reply with quote  

It seems like a better choice to go with whole life insurance, but you should definitely look into several plans. Everyone is different!
Post Fri May 18, 2012 7:38 pm
 View user's profile Send private message
sethm
Member


Cash: $ 3.80

Posts: 19
Joined: 07 May 2012
Location: United States
 Reply with quote  

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.
Post Tue May 22, 2012 3:24 pm
 View user's profile Send private message

Reply to topic
Forum Jump:
Jump to:  
  Display posts from previous:      


Money Talk © 2003-2021