How Life Insurance and Divorce Can Impact Retirement Planning – Part 2

 How Life Insurance and Divorce Can Impact Retirement Planning – Part 2 | Ada Hasloecher

{3:54 minutes to read} The scenarios Steve Kobrin outlined in Part 1 of this series are something to which most married couples don’t give much thought until the time is upon them to make the decision. At that time, it may be too late to make the choice they would prefer. If they were to take Option #1 (and who wouldn’t want that – you receive the maximum amount the plan would pay out on a monthly basis), the participant is probably at an age where it is unlikely they could obtain a substantial and affordable life insurance policy to cover the difference, were they to die once in payout status. Therefore, they may likely opt for Option #2.

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