Either one costs more. After paying premiums, John and Mary will have to scrimp by on even less than if they had chosen Plan Four. And Mary loses her financial security. Ask the agent to show you what happens under each plan if interest rates decline. Back to Top Investigate.
Investigation is the key to making correct financial choices.
Any retirement plan should look at many factors, including the assets a spouse will need beyond retirement, the liquidity of those assets, supplemental savings or investments, indebtedness, health and potential longevity, insurability, and perhaps most importantly, the impact of inflation. Pays guaranteed benefits for the lifetimes of both spouses. Does not base the security of your benefits on current investments. Provides economic certainty and allows for future financial planning. The plan is irrevocable.