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Answered 2008-01-22 18:49:00

Single premium life insurance is life insurance coverage in which one premium payment is made and the life insurance policy is fully paid up with no additional life insurance premium payments required.


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Yes, you can. It's called Single Premium Life Insurance. With single premium life insurance coverage one premium payment is made and the life insurance policy is fully paid up with no further premiums required.

Some Insurance companies that offer single premium whole life insurance are K&K Insurance, MetLife and Jackson National Life. Others are Mutual of Omaha or AXA Insurance.

As if nw not avilable..before ULIPS launched in market there is Term life insurance plans with single premium avilable

Single Premium Life Insurance policy is good for those who can pay a lumpsum in a single stroke. Like conventional life insurance policies, this policy too provides a security umbrella to the policy holder until the full policy term. Buy Single Premium Life Insurance Policy : insuringindia ‪#‎SPLPolicy‬ ‪#‎LifeInsurance‬ @insuringindia

It would be life insurance on a single life. Most likely you mean Single Premium Whole life which is a policy that you only pay one premium. It is highly appropriate and valuable over keeping money in the bank to pay for final expenses or transfer of wealth.

The deposite required for thtse single premium life insurance plan is not fix. you might have to check the which insurance comply you are getting it from its depents on that

An insurance premium is the amount of money paid on a periodic basis for insurance of a given kind. The kind of insurance involved does not alter the definition of the term "premium". Therefore, a life insurance premium is an incremental amount paid for life insurance, and a non-life insurance premium is an incremental amount paid for another kind of insurance.

There are a great many companies that offer single premium life insurance policies. Companies such as LIC India, State Farm and New York Life all offer such products. More information about the types of products can be viewed there, but investment sites and consultants also provide information on single premium life insurance policies as it is considered to be an investment product as well.

It implies that it is not a single or one-time premium policy and you are pay annualized premium for the renewal of the term policy.

The term you are looking for is "paid-up additions" or "paid-up additional life insurance"

Universal life insurance means you will pay the same premium until death, where as with term life insurance you will pay a certain premium for a period of time and then may or not be offered the same premium again for another term.

explain flexible premium multifunded life ins.

A single pay whole life insurance policy is a permanent life insurance policy that requires a one time payment/premium. The policy is guaranteed to stay in force until age 121 (in USA) and no additional premiums need to be paid.

One can obtain premium whole life insurance through their current insurance company. Several companies such as TD Insurance and BMO Insurance, offer great rates.

Return-of-premium life insurance is like an ordinary life insurance policy, but payments made on premiums are returned to the insured individual if the policy ends and they are still alive. Thus, return-of-premium life insurance policies do not punish one for outliving their life insurance. The average such policy might cost 25% to 50% more in premiums, compared to an ordinary life insurance policy.

Indeterminate premium life insurance is a type of whole life insurance that specifies two premium rates: a guaranteed maximum, and a lower rate you actually pay. The lower premium level is for a set period of time. Then the company establishes a new rate that may be higher or lower than the initial premium. But your premium can never be more than the guaranteed maximum.

Generally, most insurers do offer an option by which you can pay the entire premium at once. This is usually called, appropriately, "single pay". This is not applicable on all life policies.However, in most Ulip policies, Single Premium or one-time premium option is there. Specially in conventional policy, where single premium option is there, you gain by way of paying lesser amount in comparison to consolidated regular premium amount.

a total cost of insurance coverage

Contact your life insurance company and they can tell you if you can pay online

You can calculate life insurance premium for a life insurance policy by requesting free life insurance quotes online or from a life insurance company. Rates for life insurance vary by insurer. Some of the factors that insurers consider when determining your premium include the following: Age, gender, height-to-weight ratio, amount of coverage, type of policy, smoker/non-smoker, your health, your family's health history, etc.

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