Single-premium life insurance

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Single-premium life insurance

A whole life insurance policy requiring one premium payment, which accrues cash value much more quickly than a policy paid in installments.

Single-Premium Life Insurance

A life insurance policy purchased with a large, lump sum payment. Single-premium life insurance may take any number of forms: it may be structured as whole life or term life, or nearly any other kind of life insurance. What distinguishes it is the one-time payment at the purchase of the policy.
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Single premium life insurance products grew, in terms of gross written premium, at a review-period CAGR of 23.
Competitive pressures will stymie premium growth in both the life and non-life segments of the insurance sector and therefore dampen the impact of a number of positive developments in the sector, such as the recent and fairly strong increase in sales of unit-linked and single premium life insurance product s.
That's why one of the first things Boomer did when he was drafted by the Bengals was buy a single premium life insurance policy.
Symetra Successor Single Premium Life Insurance 800-796-3872 / www.
Over a three-month period, Danny was able to provide her with peace of mind for these two worries through a fixed indexed annuity with a guaranteed income rider for retirement as well as a single premium life insurance policy with a long-term care rider.
On the other hand, using a single premium life insurance or annuity policy with protection for long-term care purposes specifically identifies an asset for funding and, year after year, the annual statement of values reminds the clients why the money exists in this place.
Single premium life insurance is permanent cash value whole life insurance that is purchased with a single large premium.
The mortgage includes single premium life insurance or a large prepayment penalty.
For example, the sale of single premium life insurance contracts fell after the 1988 tax changes.
He also has served as regional vice president at RiverSource Life Insurance Company and at Genworth Financial, with responsibility for annuity and single premium life insurance sales through the bank and broker-dealer channels.
A product that may cover all of these requirements for wealth transfer is single premium life insurance.
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