Annuity Vs Life Insurance at Life

Annuity Vs Life Insurance. Life insurance is insurance that protects the people you leave behind financially if you die. The similarities between annuities and life insurance are as follows:

An annuity provides a secure stream of income during retirement while life insurance protects your loved ones financially if you die unexpectedly. The life insurance benefit is very straightforward and available immediately. Annuities are insurance policies that help protect against losing your money during retirement or running out of money in retirement.

Close More Annuity Sales With the CD vs. Fixed Annuity

Life insurance provides your loved ones with income after you die; The similarities between annuities and life insurance are as follows: With annuities you must pay taxes on any death benefit. Annuities provide a guaranteed lifetime income for yourself, which means you won’t outlive your assets or money.