
Whether you’re looking to protect your loved ones or ensure a steady income stream in retirement, understanding the nuances of life insurance and annuities is essential for making informed decisions about your financial well-being.
Here’s a brief introduction to some of the key differences between Life Insurance and Annuities. If you’re ready to learn more, you can schedule your free consultation with any of our financial advisors.
Life Insurance
Pays out at time of death
- Provides income to dependents
- NOT considered taxable income
- Allows individuals to invest on a tax-deferred basis
Annuities
- Pays out over lifetime
Provides income stream to policyholders
- Qualified annuities are taxable, and non-qualified annuities are not taxable
- Allows individuals to invest on a tax-deferred basis
Content provided by Gainfully, Inc. A White Glove company.

