Pension planning

We are not affiliated with any insurance company.

[Home] [Insurance Quotes] [Follow Ups] [Post Followup]
[100 Insurers Message Board] [FAQ]

Posted by Michael (62.42.63.20) on August 28, 2001 at 02:58:09:

I am new in this business and have a client who needs help with a pension planning issue. The client is 65 yrs. old and has a considerable monthly pension benefit awaiting him at 65 1/2. The issue is, he is being offered a suvivorship annuity that will cost him 25% of his monthly benefit. For this price his surviving spouse will recieve 75% of the monthly benefit. If you use $10,000 as an example (which is less than the truth) this option will cost him $2500 a month. Given the premiums for UL, VUL, and WL, how can this make financial sense. Remember there are 3500 other employees that are in or will be in an identical situation. All are very highly compensated.

For someone that has this level of assets there is something to be said for simply purchasing a product that solves the issue. This is the clients point of view.

Now, my question is what solution, based on the information I have provided, would you recomend to this client.

I forgot to mention that this client is in perfect health.

Please help. I think that this could create some great dicussions among the experts here.

Follow Ups:

Re: Pension planning Ken Young 03:29:05 8/28/2001 (0)

Post a Followup

Name:
E-Mail:

Subject: Re: Pension planning

Comments:
: I am new in this business and have a client who needs help with a pension planning issue. The client is 65 yrs. old and has a considerable monthly pension benefit awaiting him at 65 1/2. The issue is, he is being offered a suvivorship annuity that will cost him 25% of his monthly benefit. For this price his surviving spouse will recieve 75% of the monthly benefit. If you use $10,000 as an example (which is less than the truth) this option will cost him $2500 a month. Given the premiums for UL, VUL, and WL, how can this make financial sense. Remember there are 3500 other employees that are in or will be in an identical situation. All are very highly compensated. : For someone that has this level of assets there is something to be said for simply purchasing a product that solves the issue. This is the clients point of view. : Now, my question is what solution, based on the information I have provided, would you recomend to this client. : I forgot to mention that this client is in perfect health. : : Please help. I think that this could create some great dicussions among the experts here.

Please enter the characters in the image above.

[Home] [Insurance Quotes] [Follow Ups] [ Post Followup] [100 Insurers Message Board] [FAQ]