033: Annuities vs. Life Insurance: Which is Better & How Do They Differ?

In this episode, The Annuity Man discusses:  How life insurance and annuities differ, despite being sold by the same companies.  The variance in the death benefits between life insurance and annuities.  Ways in which life insurance and annuities can work together.  Knowing what your goal is when buying life insurance and annuities.    Key Takeaways:  Annuities are issued by life insurance companies, but annuities and life insurance are different in terms of strategy, contractual guarantee, and transfer of risk. Life insurance is the best return on investment that you're never going to see because you'll be dead.  Annuities and life insurance are both unique in their categories - life insurance is the only product that provides a tax-free, lump-sum death benefit that passes outside of probate and annuities are the only product on the planet that can provide a lifetime income stream and pay regardless of how long you live.  Annuities and life insurance are both contracts.   "You really should buy life insurance for the tax-free death benefit. " — Stan The Annuity Man     Connect with The Annuity Man:  Website: TheAnnuityMan.com  Email: [email protected]  Book: SPIA Owner's Manual  YouTube: Stan The Annuity Man    Get a Quote Today!