Why Bailout Provisions do not Make Single Premium Life Insurance Policies Good Short Term Investments
Bailout provisions may eliminate or reduce surrender charges imposed by the insurer, but they cannot waive the penalty tax applicable … Read more
Single Premium Whole Life Insurance
Why Single Premium Life Insurance Policies are Not a Good Short-Term Investment
Not generally. Single premium policies typically have significant surrender charges in the early years. Also, because newly-issued policies are likely … Read more
Why Life Insurers Guarantee a Higher Rate of Interest on Single Premium Policies Than Their Other Policies
Life insurers, the insurance company receives the full premium that will be paid under the policy at the beginning of … Read more
Is Single Premium Whole Life Insurance a Good Idea for Somebody who has no Need for Life Insurance?
Probably not. A single premium policy does provide a death benefit, which means the client is paying mortality charges. If … Read more
How to Select the Best Single Premium Life Insurance Policy
Selecting the best cash-value life insurance policy is a difficult task involving a number of complicated concepts and analyses. However, … Read more
Commissions and Acquisition Costs on Single Premium Life Insurance
The sales commission is generally about 3 to 10 percent on these products. In addition, the insurance company typically pays … Read more
Alternatives to Single Premium Life Insurance
All life insurance policies can provide tax-free cash upon death. The unique feature of single premium life insurance is its … Read more
Tax Implications of Single Premium Life Insurance
Death benefits under single premium life policies usually are paid free of any federal income tax. In general death benefits … Read more
The 4 Primary Disadvantages of Single Premium Life Insurance
Understanding the disadvantages of single premium life helps consumers make the most educated decision. Here are the 4 major disadvantages … Read more
8 Advantages of Single Premium Life Insurance
Understanding the advantages of single premium life helps consumers make the most educated decision. Here are the 8 major advantages … Read more