Proponents of pension maximization recommend an alternative approach.
Nonetheless, he notes that pension maximization can work in theory under the right circumstances.
For advisors whose clients are facing these difficult decisions, it's time to take another look at a tried-and-true approach: pension maximization with life insurance.
Pension maximization provides that third option: maximum pension payout and survivor benefits for the spouse--the best of both worlds.
Advisors aren't strangers to pension maximization, but as more and more boomers retire and make decisions about their pensions, it's wise to review some sticking points of pension maximization in order to provide the best advice to clients.
Indeed, there's an entire culture of pension maximization
that encourages and supports this kind of behavior.
Using a concept called pension maximization
, Walton advises the Browns to establish an additional $350,000 life insurance policy in Jerry's name as a supplement to his existing coverage--$500,000 from personal coverage and $262,500 from his employer.
Two new Needs Analysis concepts, Key Person Valuation and Pension Maximization, expand the total number of Needs Analysis concepts to 15.
The expanded treatment of the pension maximization concept in Needs Analysis easily and quickly determines how much insurance is needed to replace the "pension gamble".
is another way that Benson's company is able to help educators with their finances.
Implemented as a desktop or Internet-based system, NaviSys' solution processes new business and in-force quotations for life products (Term Life, Whole Life, Universal Life, Variable Universal Life); annuity products (Deferred, Immediate, Fixed, Variable, Unbundled, Market Value Adjusted, Equity-Indexed, Structured Settlement); and advanced concepts (Deferred Compensation, Split Dollar, Business Continuation, Education Funding, Executive Bonus, Key Person, Mortgage Acceleration, Pension Maximization
, Annuity Wealth Transfer and Retirement Support).
Moldt: "I have been involved in many pension maximization
cases in the past six to seven years.