I opted in, no regrets, even though similar to the OP we likely don’t “need” it. Very few people here would walk away from a COLA’d federally backed pension, for good reason.
I view it as the ultimate protection for a situation where DH dies relatively young and something happens that impacts the value of or requires spending a large portion of the other assets.
In the later years it may make the difference in paying for help to stay at home vs. going to a nursing home or in being able to private pay at a nicer nursing home or assisted living vs. going the Medicaid route.
If you’re trying to save some money now maybe get rid of one of the term life insurance policies on DH once you’re locked in for SBP.
I view it as the ultimate protection for a situation where DH dies relatively young and something happens that impacts the value of or requires spending a large portion of the other assets.
In the later years it may make the difference in paying for help to stay at home vs. going to a nursing home or in being able to private pay at a nicer nursing home or assisted living vs. going the Medicaid route.
If you’re trying to save some money now maybe get rid of one of the term life insurance policies on DH once you’re locked in for SBP.
Statistics: Posted by vinhodoporto — Sun Sep 15, 2024 11:15 pm — Replies 8 — Views 432