No. of Recommendations: 0
A few other points to consider:

Your health - premiums for replacement policy (especially since you are at retirement) can vary wildly dependent on health. The "cost" of survivor benefit for your wife is fixed - your health status doesn't matter to the pension plan.

Premium continuance - only works if you are diligent in spending the 15% on premium each payment period.

Generally, adjustment factors for different forms of death benefits have some sort of actuarial basis reflecting the anticipated cost of providing a death benefit, so don't expect any bonanza in extra money for your spouse by going the insurance route. (BTW, does your financial planner make any money off of you if you go with the survivor benefit under the pension plan?).
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.