id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fsr-3389	Jennings, William W.; Merrell, Jeffrey C.; O’Malley, Thomas C.; Payne, Brian C.	A framework for analyzing defined benefit pension insurance: The survivor benefit plan for veterans	2018	26	.pdf	application/pdf	11756	603	52	If the officer’s equivalent-aged spouse then lives to age 70, she collects 20 years’ worth of SBP payouts, or a total of $605,000.9 Taking the difference between these payouts and premiums yields a net real payout of approximately $583,550 for the officer who opts for SBP pension protection in this scenario. More generally, for SBP payouts to offset premiums paid (i.e., breakeven) at any point in time, the spouse beneficiary must outlive the insured member by 12% of the total duration that the couple has paid SBP premiums.10	cache/fsr-3389.pdf	txt/fsr-3389.txt