I just completed the retirement process last week and managed to get $1,000,000 of term for just under $1100/month. Health is good and passed the physical with no problems. One policy is for 20 years and the other is for 25years. Came out to be $300/month better than the 100% survivior option with the FedEx pension. I have control over it and there are better tax advantages also.
So far here is what I have found on my journey:
FedEx Retirement: Outstanding
Social Security/Medicare: Outstanding (went in to this one expecting a hassle-very pleasantly surprised)
TriCare/TriCare for Life: Really simple
MediCare Supplement:Great agent put the policy in place with no problems
ALPA MediCare Supplement Reimbursement: lots of problems. Heard from some folks this can take up to 3 months and lots of phone calls/emails.
Just as JJ said, you need to prepare for this well in advance and get your ducks in a row. There doesn't really seem to be any one central place to go to get all of the information. Every one's situation is different and there is not one size that fits all. Think it through and ask lots of questions. The majority of the decisions you make cannot be changed.