What Is The Difference Between Life Insurance And Annuities? 
Both a life insurance policy and an annuity are designed by and sold by life insurance companies . They use the same information but solve different problems . The life insurance policy is designed to assist those left behind by the death of the insured . They solve the problem of dying too soon . The annuity on the other hand , pays a regular benefit to the annuitant for their entire lifetime thus solving the problem of living too long . 