The reason you might purchase life insurance instead of an annuity depends on what you're trying to accomplish - what your goal is for your insurance or annuity plan.

Annuities provide cash while you are still living, while life insurance provides cash to the beneficiary upon death of the insured person.

So, annuity can provide you with cash, while life insurance can provide your beneficiary with cash at some future time.

With life insurance, you're paying a regular premium u...

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The cost of an average life insurance policy relies on severe key factors that impact a life insurance policy premium.

Some of those factors affecting premiums include the type and amount of life insurance.

In addition, your own personal risk factors impact premiums for life insurance including your age, gender, health, lifestyle, occupation, hobbies, driving record, height-to-weight ratio, etc.

Basically, the longer you are expected to live, the lower your premiums. And, the higher the amount o...
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