Single Premium Whole Life
Single Premium whole life is an insurance policy that provides lifetime protection with only one premium payment. No additional payments will ever be required. In other words, it is paid in full after one premium payment with nothing else to pay for the rest of your life.
One premium payment for a lifetime of benefits.
Single Premium Whole Life features:
- One single premium payment
- Guaranteed cash value that grows tax-deferred
- Cash values can be accessed during your lifetime
- Eligible to earn dividends (dividends can accumulate at interest, purchase paid up additional insurance, or be payable in cash, the choice is yours)
- Tax-free death benefit for beneficiaries