To make it work, you will need to estimate the value of the pension payments the survivor will forfeit, and buy enough life insurance to replace that.
WSJ: Conquering Retirement: When Not to Buy Life Insurance
2.
And lately, some companies have been amending their traditional pension plans to offer pre-retirement survivor benefits to domestic partners, she says.
FORBES: Married Or Not, Gays Gain Partner Coverage
3.
Although it costs a little bit up front each month, the couple elects to have a full survivor benefit in place when it comes to the pension payments so that Dr. Ogilvie could still collect payments should he outlive his wife.