As retirement gets closer to reality, you will need a strategy for using your savings to maintain a l<"/contentServer/ImageServer?uri=/site/newwrl/media/public/forms/Account_Transfers/PS00516L.pdf" target="_blank">e than provide you with supplemental retirement income. With proper planning, life insurance can help preserve your wealth and help pay Federal taxes, allowing you to pass your assets - intact - on to your heirs.