Forbes: Using Life Insurance For Retirement Purposes

When people hear the words "life insurance," they immediately turn away from even discussing the matter. But what they may not understand is that it's an asset -- there to provide a stream of cash to help fund retirement tax-free and to pay for long-term care if you become ill.

The one fear we all have when getting close to retirement, even with all our planning, is whether we'll have enough to last us through it. When doing your planning for retirement, you need to accept the reality that you could be retired for a long time and, if married, your savings may need to last for two lives -- not just one.