Which of the following is NOT a typical use of business in the context of annuities?

In the context of annuities, providing life insurance is not a typical use. Annuities are primarily designed to provide a stream of income, often in retirement, as a way to create a financial safety net. They serve several purposes, such as estate creation, where individuals use annuities to build wealth that can later be passed on to beneficiaries. Managed risk is also a key characteristic, as annuities help mitigate the risk of outliving one's savings by offering a guaranteed income for a specified period or for the lifetime of the annuitant.

While life insurance is a vital financial tool, it fundamentally serves a different purpose. Life insurance provides a death benefit to beneficiaries upon the death of the insured, whereas annuities focus on income during the annuitant's lifetime. Thus, while both products are part of a comprehensive financial plan, providing life insurance does not align with the typical uses associated with annuities.