My pension is $2,077/month with lifetime benefits to the DW should I kick it. $2,331 if it is just me, but of course I could buy the farm after the first month and DW would not get another penny. What about taking the larger amount, but buy some life insurance with some of the difference. Could I buy some for less than the difference of $233 and have her get the same or more lifetime benefits? Keep in mind, if it matters, that the pension has a 2.29% cost of living adjustment every year.
I'm 55 and will FIRE in August. DW is 56.