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<<<<Only if he dies during the 15 year term of the policy.>>>>

"That's correct. I didn't discuss this, in order to keep it simple(r)."

But I thought that the omission made the earlier post misleading.

"There's no free lunch, so you have to protect yourself against the things that are important to you."


"You can't protect against everything or the cose of the protection would be more than the value you are protecting.

65 + 15 = 80, so you would be protected up to age 80. Is this good enough? Everyone would have to decide that for themselves."

Assuming that they realized that the decision was being made now, at age 65.

"With my scenario, both spouses and the remaining family (who are always ignored in the options of pension payout methods) are covered until his 80th birthday. And if both spouses die before then, the descendents will still get something--which they won't in any of the usual options."

But what if H dies at 80.5 and W lives another 8 years, but without any part of the roughly 1100 in pension?

"Everyone's bummer case is when they pay all this money for the annuity (i.e., pension) and the annuity company keeps it all when/if you die easrly. In fact, that's the exact reason that Whole Life insurance came into existance--so that you'd get something back in the case where you didn't die early."

But what about paying 219/month for 15 years (gross $39,420) for insurance that was never collected, but which ultimately did not protect against the risk H dieing first and W surviving for years thereafter?

"I kinda figure that in 15 years you can manage to get your finances & investments arranged so that his death isn't a financial disaster to the wife."

That woudl be a large, unstated assumption.

"For myself, I went with the 10 Year Certain. We don't really need the pension but I'd be really bummed out if I die early and the pension company gets to keep all that money."

And here is hopng that you have many more healthy years to enjoy it.

Regards, JAFO
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