Single Premium Life Insurance Explained
Explain Single Premium Life Insurance (SPLI)
As the name implies, single premium life insurance (SPLI) is funded with one large payment. This is different than 
paying monthly premiums like most of us are used to. Since this is whole life, that one lump sum payment will guarantee that the death benefit will be payed upon the insured person’s death. As with any other life policy, the premium will vary by the insured person’s health and age, the insurance company, and the amount of the death benefit.
Categories: Life Insurance Tags: estate, Life Insurance, retirement, single premium life
