Q&A – Funding with SPIA

Question: Last week, you shared the funding sources.  Am I correct to assume that a single premium immediate annuity is a viable funding strategy?

Answer:  The “LTC Protection at Your Fingertips” piece that you mention is an excellent source for high-level funding information.  Now to your question, yes – a SPIA can be utilized as a funding source for Asset-Care or the Continuation of Benefit Rider.