10/12/2026
Life Insurance vs. an Annuity: What’s the Difference?
While annuities and life insurance policies have similar structures, they’re fairly different in how they work.
Before you decide which option is best for your needs, it’s important to have your financial goals in mind – do you want to ensure your children are financially protected if something were to happen to you? Are you interested in building a retirement savings plan with security and guarantees? Read on to learn about some key differences between life insurance and annuities to determine which option might be a good fit for you.