An example that may show the difference: if you have a language with nullable types, then you basically have a language with union types like String|Null, where the Null type has a single value called `null` and String can not be null.
Now if you pass this around a function that itself may return `null`, then your type coalesces to String|Null still (you still get a nullable string, there is no doubly nullable). This is not true for Maybe/Option whatever you call types, where Some(None) (or Optional.of(Optional.empty())) is different from None only.
Rich Hickey once made a case that sort of became controversial in some FP circles, that the former can sometimes be preferred (e.g. at public API surfaces), as in for a parameter you take a non-nullable String but for returns you return a String|Null. In this case you can have an API-compatible change widening the input parameters' type, or restricting the return type - meanwhile with sum types you would have to do a refactor because Maybe String is not API compatible with String.