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Pension Maximization

​The Pension Maximization strategy utilizes life insurance to resolve some of the possible conflicts that arise from a defined benefit pension plan distribution. If you are married and have a company pension or defined benefit plan, upon retirement you are often faced with making a difficult decision regarding your desired payout—either a Single Life option or a Joint and Survivorship option.
 
• The Life Only benefit is generally larger, often times one-third or more than the Joint and Survivor benefit.
 
• The choice is between a larger lifetime benefit with no survivor benefit versus a reduced lifetime benefit but a continuing income for the surviving spouse.
 
• The Joint and Survivor option is only useful if the spouse outlives the retiree.
 
• Regardless of which option is chosen, the payments end after the death of the retiree or the death of their spouse. There is nothing left for heirs.
 
This is where the Pension Maximization Strategy comes in and may increase the retirement income available to a client and their spouse from a defined benefit pension plan. The retiree elects to take the larger Life Only benefit and purchases life insurance to replace the survivor benefits that they have forgone. 
 
But what if you the retiree outlive your spouse? 
What if you both live a long life and die at about the same time? 
 
These are possible scenarios where the Single Life option would seem to be the better decision. It’s impossible to predict what is going to happen, so it seems impossible to make the right choice. Contact us today to see if this retirement planning strategy is suitable for you.
Contact Us
(877) 288-PLAN (7526)
60 E 42nd St.
New York, NY 10165​
Click Here to Email Us

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Martin & Murray Wealth Solutions, LLC​
60 E 42nd St.
New York, NY 10165
(877) 288-PLAN (7526)
Click Here to Email Us

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DISCLAIMER: Securities and investment advisory services offered solely through Ameritas Investment Corp. (AIC). Member www.FINRA.org / www.SIPC.org. AIC is not affiliated with Martin & Murray Wealth Solutions, LLC or other entities mentioned in this website. Additional products and services may be available through registered associates of Martin & Murray Wealth Solutions, LLC that are not offered through AIC. Securities products are limited to residents of CT, NY and NJ.
​​

This is not an offer of securities in any jurisdiction/ nor is it specifically directed to a resident of any jurisdiction. As with any security, request a prospectus from your Registered Representative. Read it carefully before you invest or send money. A Representative from Martin & Murray Wealth Solutions, LLC will contact you to provide requested information.

Representatives of AIC do not provide tax or legal advice. Please consult your tax advisor or attorney regarding your situation.