What is single premium life insurance?

Answer A person can fully fund a life insurance policy by paying the premium with a single payment. This life insurance plan provides tax advantages and other benefits due to the policy being paid up.Defi... Read More »

Top Q&A For: What is single premium life insurance

How to Buy Single Premium Life Insurance?

The traditional payment arrangement for life insurance is for the policyholder to make monthly or annual payments for the life of the policy. When you buy single-premium life insurance, it works di... Read More »

What is a waiver of premium for life insurance?

There are times when you need to continue paying for your life insurance policy, but the loss of a job due to a long term illness or disability makes that impossible. For those times, you might con... Read More »

Does life insurance start when you pay the first premium?

Life insurance coverage does not begin until after the application has been approved by the underwriters and the policy has been issued to the customer. The customer must then sign the policy and ... Read More »

Is My Life Insurance Policy Premium Tax Deductible?

If you are an individual purchasing life insurance for yourself, the premiums for such an insurance would not be deductible in your personal tax filings. However, your life insurance premiums may b... Read More »