Difference Between Life Insurance And Annuity at Life

Difference Between Life Insurance And Annuity. Life insurance keeps on growing over time depending on the policy, but an annuity distributes funds on a periodic schedule. With an annuity, they give the money back to you while you’re living.

But in life insurance, you invest money from time to time and accumulate fund. You can choose from the many reputable companies that offer annuity and life insurance plans. Annuities are not life insurance policies.

Eagle Life Insurance Company's Fixed Index Annuities

Annuity and life insurance are just the opposite of each other. The chief difference between life insurance and annuities is that life insurance provides a cash benefit for your loved ones after you die. A life annuity earns interest for a set timeframe or until certain conditions are met and then starts paying out to the annuitant. Use an insurance agent to.