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American Benefits Exchange Federal ABX

Pension Maximization

Federal Employee Retirement Planning

When you retire, the Federal Government offers you two Survivor Benefit options: Single Life Benefit and Surviving Spouse Benefit. But we, at American Benefits Exchange, believe there is a third, more financially advantageous strategy for you: Pension Maximization.

It does what it says: it maximizes your pension dollars.

This concept enables you to receive your full federal employee pension amount during your lifetime and allows you to purchase a Pension Max Life Insurance Policy for your surviving spouse.

Survivor Benefit Options

These three options, complete with examples (based on a $3,500 monthly pension), are described below:

Option 1: Single Life Benefit

Under this option, you and your spouse will receive your maximum federal pension benefit as long as you (the retired employee) are alive.

  • $3,500 paid per month to you (the retiree)
  • Upon your death, all benefits cease
  • Your spouse does not receive any further benefits

Option 2: Survivor Benefit

Under this option, 10% of your basic annuity funds a 50% survivor benefit for your surviving spouse.

  • You purchase the Survivor Benefit at 10%, so you receive $3,150 per month
  • Upon your death, your spouse receives $1,750 a month
  • Survivor Benefit costs you $350 per month (10%)
  • Over a 25 year period, this benefit costs you $105,000

Option 3: Federal Pension Maximization

Under this option, you purchase a Pension Max Life Insurance Policy, naming your spouse as the primary beneficiary. This life insurance plan is purchased using those monies which would otherwise pay for the survivor benefit.

  • You select the Single Life Benefit
  • You receive $3,500 per month during your lifetime
  • You purchase a permanent life insurance contract using some portion of the $350 monthly difference

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