Annuity Versus Life Insurance: Which Is Better To Save For Retirement?

Updated: May 28, 2022 at 10:15 am

answers for annuity versus life insuranceRecently, we have had several clients approach us if they should purchase an annuity or life insurance policy as it relates to saving money. Both can offer conservative value growth with really no loss of principal. If you want to save for retirement, or just for emergency savings, the decision to purchase an annuity versus life insurance policy depends on the answer to one question. We will get to that question in a minute.

In this article, we will discuss the characteristics of an annuity versus life insurance policy. The life insurance we will specifically talk about is cash value life insurance. It is permanent life insurance, like whole life or a universal life insurance policy.

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