This has the effect of making the straight life annuity less expensive than many other types of annuities and retirement income products. (investopedia.com)
Protection from creditors: Although this benefit varies somewhat by state, many states mandate that all monies that are placed inside variable or other types of annuity contracts can not be attached by creditors. (investopedia.com)
Premiums for qualified annuities are paid with pre-tax dollars whereas all other types of annuity premiums are paid with after - tax dollars. (insuranceandestates.com)