What Is The Best Reason To Purchase Life Insurance Rather Than Annuities? 
Life insurance is a product that gives your survivors a benefit if you die too soon . So , while life insurance can be used for cash value and retirement income and other things , life insurance is usually a way of generating cash for your survivors . Annuities are a way of allocating your funds so that you have income for the rest of your life . Again , annuities can be used for estate planning and other reasons , but annuities usually are a way of distributing your own money back to you with interest . Based on those very simplistic explanations , the best reason for purchasing life insurance rather than annuities would be to provide for your loved ones if you do not have much saved up . 