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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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.
The mortgage includes single premium life insurance or a large prepayment penalty.
This increase in other assets is mainly attributed to the investment in a single premium life insurance policy with $10,031,000 of cash surrender value purchased in the fourth quarter of 2001.
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.
Lastly, there is the single premium life insurance policy or annuity with long term care--the combination product, or linked benefit plan.
Symetra Successor Single Premium Life Insurance is a universal life insurance policy issued by Symetra Life Insurance Company, 777 108th Ave.
A lot of those people are taking old life insurance policies and converting them to a combination product, and in essence, what they're doing is getting a single premium life insurance policy with LTCI without additional premium payments," he said.
First Colony Corporation, through its subsidiaries, First Colony Life Insurance Company and American Mayflower Life Insurance Company of New York, sells individual life insurance and annuity products throughout the United States, including a portfolio of annual premium and single premium life insurance, single premium immediate annuities and single premium deferred annuities.
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