We have established that it would not be rigtht for you so I cannot think of any reason why you would do it. However, the market is comprised of many different types as discussed. There are many, many people who have been stuck in CD's or savings accounts for years and are not going into securities. It does not match their risk tolerance or their wishes. We may know what is better for them but they have a different view and thye are in charge and are adults. An indexed annuity, for example, can be a very worthy consideration for them even if it is not your/our choice.
Assuming again, that we look at it from the suitability of the client rather than at all of the spiffy American Funds, or Fidelity funds that we think they should be in. You have people who have 200,000 in CD's that they just roll year after year. We can talk endlessly about how that is not right for them but it is a fact of life that they do not want to go into the market. An annuity is a good consideration for them, if they want. It would not be right for *you* though. Except, the market is made up of people who are not us.
Winter
Good answer

I understand your logic about using qualified money in annuities. I don't disagree that if a customer wants to do it, it is the correct thing to do.
Dan