While many defined benefit pensions are richly funded, they offer restrictive options at the point of distribution. 

 

Often time's pensioners must make the difficult decision of whether to take the maximum monthly pension or take a substantially reduced pension in order to protect their loved ones.

 

Many people do not realize the hidden dangers within the options in their defined benefit pensions. 

 

For example:

 

If your beneficiary dies before the pensioner, can you change the beneficiary? 

If you and your beneficiary die in a common accident, where does the pension go? (Often times it evaporates)

If you have dependent children, does the pension take this into consideration?  (Often times they do not)