A Single Premium Life insurance policy is an insurance product that allows you to pay a single payment or premium in a lump sum to obtain an insurance policy with a death benefit guaranteed to remain paid up for the rest of your life. The size of the death benefit depends on the amount paid into the policy and the age and health of the insured.
Single Premium Life Insurance allows your clients to maximize the value of their estate, transfer wealth to beneficiaries income tax-free while avoiding probate, and offers liquidity to cover expenses in later years.
