Many individuals retiring from their retirement plans select a joint and survivor form of payment (J&S) so to provide continued annuity payments to their spouse upon their deaths. But there are reasons that this may not be there best option to accomplish this. One alternative way to try and maximize the financial value of their annuity and give them more flexibility in making future changes is to select the maximum annuity and use insurance. This is known as annuity maximization.

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