All annuities that have a named beneficiary avoid probate. The annuity is a contract and the named beneficiary receives the cash value of the contract as per the agreement therein.
If, however, the contract does not have a named beneficiary then the cash value of the annuity will go to the contract owner's estate at which point in time it would be subject to the probate process.
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If, however, the contract does not have a named beneficiary then the cash value of the annuity will go to the contract owner's estate at which point in time it would be subject to the probate process.