Simply put, life insurance protects against dying too soon, while annuities provide against living too long.

[Preface: As insurance and financial planning professionals, we are required and mandated by Hawaii state law to go through 20 hours of continuing education every two years. The following information comes directly from my study materials provided by WebCE and TestSmart. May it give you a better understanding of the key differences between annuities and life insurance.]

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