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Is there a difference between a life annuity and an insurance annuity?
Wiki User
∙ 12y ago
There isn't a real difference between life annuity and an insurance annuity. Both are a form of life insurance and deal with the same issues. I would go with either one.
Wiki User
∙ 12y ago
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What is the difference between annuity life and whole life insurance?
1. annuity is paid till a person passes away whereas life insurance is paid after a person passes away to the beneficiaries 2. annuity is paid as periodic installments whereas life insurance is paid as lump-sum. 3. annuity support future income requirement. life insurance support the need of beneficiaries. 4. annuity is a retirement planning tool whereas life insurance is a product providing inheritance. 5. annuity pays back total value + gains earned. life insurance may provide benefit multiple times larger than premium paid ZEBA
Is an annuity a type of life insurance?
Yes an annuity is a life insurance product. Its kind of like the opposite of life insurance.
Is a flexible premium multifunded life insurance an annuity?
Its a Universal life insurance Policy.
What is the difference between life insurance and life assurance?
The terms are interchangeable.
What is the difference between term and whole life insurance if there is any?
The difference between term life insurance and whole life insurance is that a term policy covers the insured for a "term of years" whereas a whole insurance policy covers the insured for the entire life period.
What is the difference between annuity life and whole life insurance?
1. annuity is paid till a person passes away whereas life insurance is paid after a person passes away to the beneficiaries 2. annuity is paid as periodic installments whereas life insurance is paid as lump-sum. 3. annuity support future income requirement. life insurance support the need of beneficiaries. 4. annuity is a retirement planning tool whereas life insurance is a product providing inheritance. 5. annuity pays back total value + gains earned. life insurance may provide benefit multiple times larger than premium paid ZEBA
Is an annuity a type of life insurance?
Yes an annuity is a life insurance product. Its kind of like the opposite of life insurance.
What is variable annuity life?
Annuity Life is a contract of insurance between you the buyer and the seller. Variable Annuity Life is a company that covers retirement groups for schools, colleges and Health care.
Where can I get variable annuity life insurance?
To get variable annuity life insurance speak to you local insurance company. A lot of insurance companies now offer many types of insurance; car, life, renter's, etc. Metlife, Pacific Life, Mutual, and many others are examples of where you can get variable annuity life insurance.
What is the difference between voluntary insurance?
What is the difference between voluntary life insurance and life, ad/d?
Is a flexible premium multifunded life insurance an annuity?
Its a Universal life insurance Policy.
What is variable annuity insurance?
Variable annuity insurance is insurance that has a variable year to year and it can change upon facts that change such as your base description of how you manage your life.
Why are annuities called life insurance?
Annuity income depends on life expectancy and is thus classified as life insurance.
What is a 215 license?
It's the Florida insurance license that allows you to sell Life Health and Variable Annuity insurance in Florida.
What is called the reverse of life insurance?
I believe you are referring to an Annuity.
Who owns the variable annuity life insurance company?
AIG
What is the difference between accidental death life insurance and regular life insurance?
Usually the only difference between accidental death life insurance and regular life insurance is the name, although sometimes an accidental death life insurance will pay out more money if the death is accidental.
