If you don't pay the premiums, your policy could lapse, and your spouse will end up with neither life insurance nor a pension when you die.

WSJ: Conquering Retirement: When Not to Buy Life Insurance

Traditional pension plans by their very nature die in part or in full at the death of the retiree.

FORBES: The Early Retirement Income Challenge: Longevity

Roll Over and Die Laughing IBM's momentous decision this month to wind down its traditional pension plan in favor of 401(k)s will no doubt accelerate the movement toward self-directed retirement savings.

FORBES: Roll Over and Die Laughing