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| Single Premium Whole Life Insurance Policy |
| | With 's Single Premium Whole Life Insurance policy you get a lifetime of coverage with only one single payment (policy matures at age 100). This is a practical insurance policy for children and grandchildren - one that will help them take their first step towards financial security. | | Single Premium Whole Life Insurance Policy Eligibility
If you are 70 years old or younger, you are eligible to apply for our Single Premium Whole Life policy.
Advantages of our Single Premium Whole Life Insurance Policy
Permanent Protection
With 's Single Premium Whole Life Insurance policy, protection never decreases*.
Build Tax-Deferred Cash Value
Our Single Premium Whole Life Insurance policy builds tax-deferred cash value; borrow against it for any reason.*
Payment Options
A single payment for a lifetime of protection
Coverage
Our Single Premium Whole Life Insurance policy is available in amounts from $2,000 to $1,000,000 and more.**
*Loans against the policy reduce the death benefit amount by the sum owed. In addition, in order to receive favorable tax treatment of distributions, which includes surrender of policy values, dividends received in cash or accumulated at interest, and policy loans, under the Internal Revenue Code, life insurance policy premiums must be within certain limits during the first seven policy years and during first seven policy years after certain policy changes. Failure to satisfy this limitation would cause the policy to become a Modified Endowment Contract (MEC) and cause distributions to be taxable to the extent there is a gain. Also these distributions may be subject to a 10% IRS penalty if received before age 59 1/2. Please consult your tax or financial advisor.
**Subject to underwriting requirements and re-insurance availability.
A Single Premium Whole Life Insurance policy is best for…
Individuals who want to pay their policy in full, all at once, without the worry of additional premiums. A Single Premium Whole Life Insurance policy is also a good option if you are considering purchasing life insurance for your children or grandchildren. If you are at a milestone in your life, check out our Life Stages section for suggestions on the type of life insurance that might be right for you.
Take the easy first step towards securing your financial future and request a Single Premium Whole Life Insurance policy rate quote from now or contact one of our Sales Advisors. Peace of mind and financial security are within your reach. To browse our other Whole Life insurance options, see our complete Whole Life Product Catalog below.
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| | Whole Life Insurance Quotes Online |
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