Q&A – Premium Modes for Asset Care

Question:  With the release of the “new” Asset Care, are the premium modes being changed?

Answer: We have made changes to our funding options.  As we have done in the past, we will offer single premium (cash or 1035 exchange), the use of non-qualified deferred annuities and qualified money, and recurring premiums.

Recurring premiums are available for the following durations:

  • 5 years
  • 10 years
  • 20 years
  • to age 95

When recurring premiums are elected, those premiums can be paid:

  • annually
  • semi-annually
  • quarterly
  • monthly