Pension Optimization
At retirement, if you have a traditional pension plan, you might face a choice between a joint annuity, which provides for your spouse after your death, and a single-life annuity, which likely offers higher monthly payments but stops when you die.
Pension Optimization could offer a solution: by choosing the single-life annuity and using the extra income to buy life insurance for your spouse. This way, you can potentially enjoy higher retirement income while ensuring your spouse's financial security.
It's important to consider factors like insurability and life expectancy.
To explore if this strategy is right for you, give us a call.
