Some financial planners believe that a survivor annuity is a good choice, while others may encourage you to forgo a survivor annuity and to purchase life insurance with the money you “saved” by not electing a survivor annuity. Here are several considerations.
Should you elect a survivor benefit for your spouse? You must pay for survivor benefits out of your annuity. Here are the costs and some of the considerations when you make this decision.
A surviving widow of a retired federal employee tried without success to convince OPM, the MSPB and the appeals court that her deceased husband had provided her a survivor’s annuity.
The federal retirement system can be complex and confusing. Add a divorce into the mix, and the confusion and complexity increase. Here is a recent case that shows how confusing the issue of a survivor annuity can become as a result of a divorce.