Annuities vs Life Insurance?

Annuities Systematically distributes accumulated assets Pays annuitant an income for life in exchange for a premium Reduces the financial uncertainty of living too long Premium is determined by age, sex, amount of income, class of annuity and health Life Insurance Creates an Estate Pays beneficiary specific sum at death in exchange for a premium Reduces the financial uncertainty of dying too soon Premium is determined by age, sex, amount of death benefit, type of insurance and health