How Does Life Insurance Annuity Work? 
Life insurance policies have settlement options that include payout annuities . That means you can covert the cash value into an income flow for retirement income . You should check to be sure you understand any tax consequences . It also means that the death benefit can be paid as an annuity income . You could direct that a beneficiary receives a life income rather than a lump sum for example . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . 