single-premium life insurance

Definition

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You may want to try and take out a single-premium life insurance so that you know your family will be covered.

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The single-premium life insurance that Winston took out required a large payment of $50,000, but he thought that a small sum for peace of mind.

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After my father died, we learned that he had invested in single-premium life insurance with a bonus he received sometime in the 1960s and we would be receiving a large payout.

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Single-Premium Deferred Annuity premium