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
Fridays with Fisher 