Proponents of pension maximization
recommend an alternative approach.
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.
5) Pension maximization
may be particularly useful to the retiree who is reluctant to accept a permanently reduced retirement income to assure a survivor income to his terminally ill spouse.
If clients are at least 10 years from retirement, indicate a date 10 years prior to retirement to contact clients to schedule an appointment to review their retirement accumulation progress and to discuss the concept of pension maximization
Indeed, there's an entire culture of pension maximization
that encourages and supports this kind of behavior.
A life insurance strategy called pension maximization
or, sometimes, pension enhancement may provide a more attractive overall benefit package for married couples than the normal joint and survivor (J&S) annuity option from a qualified plan.
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.
And generally speaking, we should not be considering cash value products a good monetary value as a protection vehicle either, unless the protection needed goes into the post-retirement upper ages, such as in the case of estate planning needs or pension maximization
is another way that Benson's company is able to help educators with their finances.
One interesting example is pension maximization
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).