All cable be it secondary or primary has a reasonable life expectancy, being direct buried shortens that life expectancy in certain soils, an earlier poster stated his personal preferance to direct bury and it certainly is cheaper and easier, but you as a homeowner probably don't have access to a fault locator and will have to pay someone to come locate the fault and then your yard has to be dug up to fix it, not to mention you will need splices to repair the wire and a special tool to crimp the splices etc etc, basically it is not a homeowner project, I spend a lot of time finding burnouts on my friends barn services cowlot lights etc that I tried to get them to install in pipe years ago when they did these projects. Schedule 40 gray electrical conduit is cheap insurance to keep from having to deal with these issues 20 years down the road and if the wire outlast's you your kids will say dad was a smart man and thank you for your forethought, what ever you decide burying in pipe is the smartest thing to do. I am an electrical lineman by trade, mostly overhead but a little in underground and this advice is just what I have learned over the past 24 years, I hope it helps, good luck.