• Pension maximization is a retirement strategy that aims to increase your pension income while ensuring financial security for your spouse or beneficiaries.

• Pension maximization involves choosing the highest possible monthly pension payout option available, typically a single-life annuity, which pays benefits only during the retiree’s lifetime.

• Instead of opting for a lower payment that continues to support a spouse after the retiree’s death, this strategy suggests purchasing a life insurance policy. This policy provides a death benefit to the surviving spouse, effectively replacing the lost pension income.

• Retirees can use the extra income from a higher pension payout to invest in a life insurance policy. This ensures that, in the event of their passing, their spouse will receive a financial benefit to help cover living expenses and maintain stability.

• Life insurance offers peace of mind, helping families navigate unexpected financial challenges. Explore coverage options to safeguard your future and protect those you love.

The type and amount of life insurance you need depends on various factors, including your financial goals, health status, income, and family needs.

It’s essential to explore your options and select coverage that provides security and peace of mind for you and your loved ones.

Talk to Tom today (239) 989 – 2924 to explore your options and make a smart financial decision that ensures stability for your family—no matter what the future holds.