aloha43
New Member
Hello,
I hope I am in the right place to ask this question.
My husband is eligible to retire in Feb 2010. One of the other drivers told him that in order for me, as beneficiary, to receive his retirement after his death, that I would have to pay $1000 a month NOW and until his death, in order to collect his pension.
This sounds crazy to me, as it would be much cheaper to get a life insurance policy then to pay this.
Does anyone know anything about this, or does this UPS driver NOT know what he is talking about?
Thanks!
I hope I am in the right place to ask this question.
My husband is eligible to retire in Feb 2010. One of the other drivers told him that in order for me, as beneficiary, to receive his retirement after his death, that I would have to pay $1000 a month NOW and until his death, in order to collect his pension.
This sounds crazy to me, as it would be much cheaper to get a life insurance policy then to pay this.
Does anyone know anything about this, or does this UPS driver NOT know what he is talking about?
Thanks!