Why Would You Purchase Life Insurance Rather Than Annuities? 
Great question ! Life insurance is used mostly as a way to pass on wealth . You leave a chunk of money behind you to either pay off the debts you 've left , provide for your funeral expenses , or to pass on wealth to loved ones . You provide an income for those left behind . Annuities , on the other hand , are a way to transfer wealth to a later date , when you start drawing it out in an income stream . For most people it is a way to pass on income to yourself in retirement , when you need it most . So to answer your question , I 'd purchase life insurance to leave behind a legacy for my children , and an annuity to provide an income stream for my wife and I in our retirement . That allows us to live comfortably , and still leave behind a legacy . If you would like more detail , please contact me , I 'm happy to help ! Thanks for asking ! 