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Return To Annuity FAQ Archive   Search the Archives How are annuities different from life insurance? Answered By Ammon Yorke, Editor In annuities, you invest in order to give your beneficiaries or dependents income should the time you passed away, or providing them estate planning needs. In life insurance, your purpose is to accumulate money and be assured that you do not outlive your income. Payments on annuities are made on a lump sum basis, while the life insurance provides lifetime income on investors. And lastly, the pay-out of the income of the investments in annuities are made when the investor is already dead, but in life insurance, you are paid when you are withdrawing money from your investment or the company pays you until you stop paying the required premiums. --- permission must be obtained from editor Ammon Yorke to re-publish --- keywords: Annuities | Annuity | Life Insurance | Investment Annuity Buyer

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