variable annuity washington state asset protection
I've read the washington state law re: annuities and creditors. I get that up to $3000/month distribution is exempt from creditors.
What I can't understand in the language (I did read the actual statute - just don't understand all of it) is if an asset accumulation annuity (i.e. either fixed or variable) is exempt even if the distributions haven't been set?
Anyone know specifically for washington state?
"You can also exempt annuity contract proceeds to $3,000 per month. Wash. Rev. Code Ann. § § 6.15.030, 48.18.400, 48.18.410, 48.18.420, 48.18.430."