Variable annuities can be beneficial for individuals looking for tax-deferred growth potential and a stream of income in retirement. One of the key advantages of variable annuities is the ability to invest in a variety of sub-accounts, which are similar to mutual funds, offering the potential for higher returns. Additionally, variable annuities provide a death benefit, ensuring that beneficiaries receive a certain amount even if the account value has declined. Another advantage is the option to convert the accumulated value into a guaranteed stream of income for life through annuitization. However, it's important to consider the fees associated with variable annuities, including mortality and expense charges, administrative fees, and investment management fees. These fees can impact the overall returns and should be carefully evaluated before making a decision. Overall, variable annuities can be a suitable option for individuals seeking tax-deferred growth, a death benefit, and the potential for lifetime income, but it's essential to thoroughly understand the terms and associated costs before investing.