Life insurance is an important protection for your family, but it can also be a
valuable investment. There are a number of life insurance options that are
also wise financial choices which provide you with a return on your
premiums. An annuity investment is one option in the insurance market that
can not only help you protect your investment, but can usually be included
with your life insurance policy, making investing safer and easier.

What Is An Annuity?
An annuity is a contract between you and an insurance company in which
you pay a premium or lump-sum payment with the promise of a protected
retirement income in the future. It is just one of the many types of
investment opportunities available through an insurance company. It is
essentially the opposite of life insurance—it covers you during the additional
expenses of living longer than expected, as opposed to life insurance which
covers you should you die earlier.

Types Of Annuity Investments
Fixed Annuities—These types of annuities offer either a fixed payment or a
payment based on a fixed interest rate. While these may not yield the best
investment growth, they can offer security to those who prefer it. They offer
payments for a fixed term, or until death.
Variable Annuities—These types of annuities can give you the option of
investing in a more risky environment, but potentially yield higher returns
and function more like traditional investment opportunities. These
investments provide you with the option of passing the remainder to your
heirs after your death.

Annuities And Insurance
Life insurance protects you in the event you pass away earlier than expected;
annuities protect you should you live longer than you expect or have a
greater financial need in your retirement than planned for. Creating a
balance between these two types of insurance products is an important part
of financial and retirement planning. Both annuities and life insurance are
important purchases, but finding the right balance will depend on a number
of circumstances such as your age, your family size and marital status, and
your income. It is also a good idea to balance your investments in general.
Annuities can protect you in your retirement, but should not be your only
retirement investment.
If you are looking for the right balance between insurance and annuities.