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.
These three options, complete with examples (based on a $3,500 monthly pension), are described below:
Under this option, you and your spouse will receive your maximum federal pension benefit as long as you (the retired employee) are alive.
Under this option, 10% of your basic annuity funds a 50% survivor benefit for your surviving spouse.
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.
American Benefits Exchange, LLC is not connected with or endorsed by the local, state, or federal government.
We firmly believe that long-term customer satisfaction is the cornerstone of our success.
“Not connected with or endorsed by the United States Government or the Federal Medicare Program.”
“We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1–800 MEDICARE to get information on all of your options.”