As retirement gets closer to reality, you will need a strategy for using your savings to maintain a lifestyle you can really enjoy. Among the most important moves you will make during this time is determining how to use your assets to produce an income that will support you for the rest of your life. Life insurance can play an important role in your strategy. However, a cash value policy could do more 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.