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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.
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.
The terms are interchangeable.
The Difference b/w FOB and C&F is FOB + Insurance + Freight = C&F I.e Insurance and freight in both the valuation.
A Bank is an organization that provides banking services like bank accounts, credit cards, loans etc. to the customers. Whereas, an Insurance Company provides Insurance. The main difference between a bank and an insurance company is the fact that it is not a bank. It provides insurance services to the citizens of India and it does not provide services like bank accounts, credit cards etc. to customers