Which product creates an immediate estate?

An annuity is a financial product that provides income over a period of time, usually after a lump sum payment is made. While it can be beneficial for retirement income, it does not create an immediate estate upon the holder's death; instead, it is designed to distribute funds over time, often ceasing payments at death unless specified otherwise.

A savings program is designed to accumulate funds over time, but it does not provide an immediate payout upon death. The funds accumulated are accessible only through withdrawal or upon reaching the program's maturity, which does not ensure an immediate financial benefit to heirs at the time of the account holder's death.

Long-term care insurance covers the costs associated with long-term care services but does not create an estate. It is intended to support individuals in paying for necessary care, and any benefits are typically paid directly to the care providers rather than being distributed as a lump sum to beneficiaries after death.