How Does Single Premium Whole Life Insurance Work?

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    David RacichPRO
    Fountain Hills, Arizona
    Single Premium Whole Life Insurance is a lump sum deposit into a modified endowment permanent life insurance policy. The Single Premium Whole Life Insurance policy can be designed to cover an indemnification need, an income scenario like an annuity and as a transfer asset for generational gifting. Single Premium Whole Life Insurance can be a tax advantaged opportunity with interest rate crediting that may be competitive with other interest rate products.
     
     
    Answered on June 1, 2013
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