This document summarizes a combined life insurance and pension policy called LIFEPEN. It provides both a life insurance payment if the policyholder dies during the term, as well as a pension payment every year after retirement until age 80. The document calculates that for a policyholder to receive $60,000 annually after retirement starting at age 55, the annual premium from ages 25 to 55 would need to be $3,290. This combined policy offers benefits of both life insurance and pension coverage for less than the total cost of separate policies.