Pension maximization refers to a plan made by a couple to purchase a single annuity, rather than two annuities or a joint one, and to use the death benefit as money to buy another annuity for the surviving spouse.
The objective of pension maximization is to receive a considerably larger monthly payout after retirement. The annuity should be substantial enough to finance a life insurance policy that is meant to purchase another annuity for the surviving spouse.
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