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The OP was talking about using life insurance as an alternative to an annuity with survivorship included...

It's a fairly slick method of hedging your bets....


Yes, this is exactly what I talking about. And thanks to your example above, I am able to do the cacluations. Here's what I found:

For $452,000 in federal insurance on DH:

- between his ages of 65-74, we would have more income than the survivor annuity alone.

- between his ages of 75-79, we would have the same income as we would with the survivor annuity.

- at age 80 and above, we would have $500 less each month than the survivor annuity would provide.

The life insurance amount could be reduced at any time, but can't be increased.

So, would YOU hedge your bets? I just might, depending on some further calculations -- if he were to die during these varying age ranges, what would I end up with?

This is very cool....

Thanks a bunch.


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