Life insurance builds a retirement nest egg

Life insurance is a good way to build up a nest egg at retirement while providing coverage during life, according to the Consumer Financial Institute of Newton, Mass. Since you probably won't need as much life insurance protection in retirement, you can choose to receive your cash-value proceeds in regular monthly installments.

For example, if you bought a $50,000 policy 20 years ago at age 35, today the policy would have a cash value of $18,550. And, at age 65, your policy would be worth $27,950.