Life Insurance And Annuities at Life

Life Insurance And Annuities. A life insurance annuity is not the same as a life annuity, though both can be provided by insurance companies. In contrast, annuities provide you with a lifetime income until you die.

Life insurance services and solutions in the digital age pose unique challenges to carriers servicing life and annuities domain. Life annuities are separate financial products that earn interest at a fixed or variable rate and pay out over your lifetime. In contrast, annuities provide you with a lifetime income until you die.

Annuities

What is the difference between a life insurance annuity and a life annuity? Annuities were created to provide americans a safe place to shelter their savings, grow their nest egg at a great interest rate and provide an income stream for life. A life annuity earns interest for a set timeframe or until certain conditions are met and then starts paying out to the annuitant. You buy an annuity by making either a single payment or a series of payments.