bigbustour
Registered User
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If I have a pension fund worth for example €300k and a pension term assurance policy for €100k and I die with my salary at €40k can someone outline the payout flow to my spouse.
I understand its a max of 4 times salary payable to spouse with balance via an annuity.
Does it work by adding the €100k life cover to the €300k and giving spouse €160k(4 times salary) and balance of 240k into annuity..
..or is it €100k to spouse from life policy, €160k from 4 time's salary and €140k via annuity.
Thanks
I understand its a max of 4 times salary payable to spouse with balance via an annuity.
Does it work by adding the €100k life cover to the €300k and giving spouse €160k(4 times salary) and balance of 240k into annuity..
..or is it €100k to spouse from life policy, €160k from 4 time's salary and €140k via annuity.
Thanks