What does life insurance have to do with your pension payments? If you are nearing retirement and are in a pension plan, you will have to make a decision on what type of pension payment to select. Not being able to gaze into the future longevity of you and your spouse, you may favor selecting one of the many survivor benefits given the chance that your spouse outlives you. Using a life insurance policy may suggest otherwise and can help you figure out what pension payment option to choose. Read the article to explain how this can help you reach an informed decision.