How exposed are annuities to lawsuits as opposed to savings? I don't suppose they have explicit legal protection such as a house does in Texas or Florida, but is there a customary or statistical pattern?
Comes to mind for a case where someone doesn't want some of the more obscure or umbrella insurance coverages. But in the unlikely event of an unwarranted/predatory lawsuit, can that person somewhat shield some of their savings by jamming them into a fixed lifetime annuity, for example? If that annuity is practically the only income for that person, will it be seen less as less ripe for the plucking than savings would be?