Survivor Benefits Planning

Protect your spouse without sacrificing your retirement income

The survivor benefit election you make at retirement is permanent. We help you balance protection with affordability — and make sure your spouse is never left without income.

Why This Decision Is Different

This is the one retirement decision you cannot undo

Permanent election

Once you elect survivor benefits at retirement, that choice is final. There is no going back if your circumstances change, if your spouse passes away first, or if you later realize the decision wasn't right for your family. This is not a decision to make without running the numbers.

The Risk of Too Much

Electing full coverage and paying for protection you may not need

If you choose the full survivor benefit — 50% of your pension to your spouse — and your spouse passes away first, you've permanently reduced your monthly pension with nothing to show for it. Full coverage is the right answer for many families, but not all.

What this means

The full survivor election reduces your monthly pension by roughly 10%. Over a 20-year retirement, that's a significant amount of income — and if your spouse predeceases you, none of it comes back.

The Risk of Too Little

Waiving coverage to maximize your pension — and leaving your spouse exposed

Electing no survivor benefit maximizes your monthly pension check — but if you die first, your spouse receives nothing from your federal pension. For spouses without their own income, this can be financially devastating.

What this means

A surviving spouse who depended on your pension income could lose that income entirely — on top of already dealing with the loss of a partner. The survivor benefit exists precisely because this situation is far too common.

The Risk of Duplication

Paying for FEGLI and a full survivor election — doubling up unnecessarily

Most federal employees don't coordinate these two programs. That gap can leave your household overinsured and over-paying, or — worse — underinsured despite paying for both.

What this means

You might be paying for expensive FEGLI Option B coverage AND a full survivor election — two forms of protection for the same risk, reducing your take-home income unnecessarily. Or you might have neither, leaving a dangerous gap.

Your Options

Three elections — each with a permanent trade-off

Federal employees can elect full survivor benefits, a partial amount, or no survivor benefits at retirement. Each option has a different cost and a different level of protection. The right choice depends on your specific income picture — not a general rule.

50%
Full survivor benefit

Your spouse receives 50% of your unreduced pension for life. The highest level of protection — and the highest cost to your monthly income.

~10% pension reduction
25%
Partial survivor benefit

Your spouse receives 25% of your unreduced pension for life. A middle path — reduced protection at a lower cost. Often overlooked, but worth modeling against full election.

~5% pension reduction
The bottom line

There is no universally correct election. The right answer depends on your spouse's own income, Social Security benefits, life insurance coverage, health, and how long each of you is likely to live. We model all of it before you make an irreversible decision.

What We Cover

A complete survivor benefits strategy touches every part of your household finances

We examine your elections, your insurance, and your spouse's future income to build a plan that works — not just on paper, but for the life your family actually lives.

01
Survivor annuity election analysis

We analyze all three election options and their permanent impact on your retirement income. You'll see the exact dollar trade-off between protection and monthly cash flow — for your specific pension amount.

02
FEGLI coordination

Align your federal life insurance with your survivor benefit election so you're not paying twice for the same protection — or leaving a gap you assumed was covered.

03
Spousal Social Security planning

Factor your spouse's own Social Security benefits and claiming timing into the overall plan — because survivor income isn't just about your pension. With WEP and GPO repealed, spousal Social Security is now fully in the picture.

04
Income replacement analysis

Calculate what your spouse will actually need — and verify that the pieces fit together. Pension survivor benefit, Social Security, life insurance, savings, and any other income sources all get modeled together.

05
Longevity and health scenarios

We run your numbers under different longevity assumptions — because the value of survivor protection depends heavily on who outlives whom and by how much.

06
Private insurance as an alternative

In some cases, a private life insurance policy can replace the pension survivor benefit at lower cost — freeing up your full pension while still protecting your spouse. We show you the math before you decide.

We Also Serve Spouses

Your plan works better when everything works together

Whether your spouse has a private-sector 401(k), their own pension, or Social Security benefits, we coordinate all household finances around your federal benefits — not just the federal side in isolation.

$
Private retirement accounts coordinated

Your spouse's 401(k), IRA, or private pension gets integrated into the household retirement strategy — not treated as a separate afterthought.

%
Household tax strategy optimized

We coordinate withdrawals from multiple accounts to minimize your combined tax burden throughout retirement — because the tax bill is a household problem, not just yours.

Spousal income planning integrated

If your spouse has their own Social Security, pension, or other income, we build a comprehensive plan that accounts for both income streams — and what happens when either one changes.

Ready to make this decision with confidence?

Schedule a free survivor benefits analysis. We'll run the numbers on your specific situation and show you exactly what each election is worth — before you make an irreversible choice.