Description: Single Premium Life Insurance plans are permanent lifetime policies that may or may not have cash values. Compare premiums in real-time. ?
Single premium life insurance is a fully-funded life insurance policy . No monthly or annual premiums. Pay once to cover a lifetime.
One lump sum payment is paid into the policy to create a guaranteed lifetime death benefit that remains level at all times and may maintain an increasing cash value along with an increasing death benefit if it is a whole life or an index universal life insurance plan.
The amount of coverage one can qualify for depends on the amount of initial contribution, your age, your health, and lifestyle.