Sentences with phrase «survivor pension option»
Not exact matches
We'll look at how that translates into specific decisions to make, such as when you (and your spouse if married) take Social Security, what survivor option you choose on your pension, the benefit of using annuities, the types of accounts you fund while working, the tax impact you may incur as a single tax filer, etc..
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Fernandez suggests that clients choose this option unless there's a compelling reason to reduce it, such as a spouse who «has a whole bunch of money or a pension of her own and she doesn't need the survivor option, thank you very much.»
Another reason for buying life insurance might be because one has a pension and perhaps there is no survivor benefit option on that pension.
This Kotak Life pension plan offers multiple annuity options of Lifetime Income, Lifetime Income with cash back wherein the Purchase Price is returned on death of the annuitant, Lifetime Income with a Term Guarantee wherein the annuity payouts are guaranteed for 5, 10, 15 or 20 years and thereafter payable for the annuitant's lifetime and Last Survivor Lifetime Income wherein the annuity payouts are paid for the annuitant's lifetime and post his death, the annuity payouts continue till the death of the spouse
This Kotak Life pension plan offers multiple annuity options of Lifetime Income, Lifetime Income with cash back wherein the Purchase Price is returned on annuitant's death, Lifetime Income with a Term Guarantee wherein the annuity payouts are guaranteed for 5, 10, 15 or 20 years and thereafter payable for the annuitant's lifetime and Last Survivor Lifetime Income wherein the annuity payouts are paid for the annuitant's lifetime and post his death, the annuity payouts continue till the death of the spouse
Most pension plans offer a single - life annuity (single - pay) option and a joint - life annuity (survivor benefit) option.
If the monthly cost of a life insurance policy is less than the amount you'd sacrifice each month by selecting the joint - life or survivor - life option to protect your spouse, we recommend maximizing your pension with a life insurance policy.