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Author: Cmuspirit Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: Pension Fund Lump Sum Payout Date: 7/23/2002 5:55 PM
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Congratulations on your early retirement! I don't know what your pension monthly payment would be, but frequently you can take 100% as you said, or 75% and your surviving spouse would continue receiving payments or 50%, etc.
You may be able to buy life insurance with the pension payment differential which would protect your spouse if you were to die first. For example, if you would get $1000 month with 100% or $750 a month with 75% including your wife, you could spend up to $250 a month on life insurance if you took the 100% and if you died first your wife would recieve the life insurance payout to live off of. If your wife died first you would still receive 100% pension payout.
Hope this helps.
Good Luck!
Cmuspirit
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