Single-premium life insurance

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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To hedge that risk, the IRA owner may elect to take a taxable distribution of part of the IRA balance and use it to purchase a single-premium life insurance policy to be gifted immediately to the charity.
It is often combined with a single-premium life insurance or annuity
The award recognizes the agency that has achieved the highest levels of first year commissions for sales in life insurance, annuity and disability income insurance, Large Corporate Markets, long-term care insurance, mutual funds, retirement services and single-premium life insurance riders during the previous year.
It bans the sale of single-premium life insurance, and seeks to control loan flipping by allowing refinancing within a year of origination only if doing so benefits the borrower.
There was a strong demand for single-premium life insurance as part of private old age pensions in Germany in 2010.
If he cashes it in and uses the proceeds to purchase a single-premium life insurance policy with a lifetime secondary guarantee death benefit, the policy could have a death benefit of about $240,000.
Life insurance premium growth was affected by a decline in single premium business in Switzerland, which had experienced an extraordinary gain in the previous year prior to the introduction of stamp duty on single-premium life insurance policies.
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