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	<title>New answer on: What Is Single Premium Life Insurance?</title>

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		<title>By: Jim Winkler</title>

		<link>https://insurancelibrary.com/life-insurance/what-is-single-premium-life-insurance</link>

		<dc:creator>Jim Winkler</dc:creator>

		<pubDate>Thu, 03 Jul 2014 05:11:20 +0000</pubDate>

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		<description><![CDATA[That is a great question! Unlike a regular insurance policy, where you would make regular payments, either monthly, quarterly, semi-annually or annually, in a single premium life insurance policy, you make one large payment, and then no more. These policies are generally going to earn some interest, and pass tax free to your beneficiaries. This type of policy is great if you want to move large amounts of your estate to heirs without any tax consequences. I hope that helps, thanks for asking!]]></description>

		

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		<title>By: David Pipes</title>

		<link>https://insurancelibrary.com/life-insurance/what-is-single-premium-life-insurance</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Thu, 24 Apr 2014 20:35:01 +0000</pubDate>

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		<description><![CDATA[A single premium whole life policy is an estate planning sleeper.  This is a wonderful vehicle to pass money to heirs.  For a single deposit the insured can satisfy the desire to pass money to someone else.  Generally the recipient or beneficiary will receive significantly more than the deposit and the person making the gift can then feel the freedom to spend their money without concern over passing wealth to the next generation. ]]></description>

		

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		<title>By: Peggy Mace</title>

		<link>https://insurancelibrary.com/life-insurance/what-is-single-premium-life-insurance</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Sat, 10 Aug 2013 19:49:13 +0000</pubDate>

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		<description><![CDATA[Single premium life insurance is life insurance that is paid with one payment. Term life insurance cannot be paid with a single premium. Single premium life insurance must be a type of Universal Life or Whole Life policy. Often, single premium life insurance is purchased on the basis of how much face amount can be purchased with the lump amount of cash that the applicant has available. Other times, the applicant has a face amount in mind and pays whatever lump sum is needed to purchase that amount.]]></description>

		

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		<title>By: Steve Savant</title>

		<link>https://insurancelibrary.com/life-insurance/what-is-single-premium-life-insurance</link>

		<dc:creator>Steve Savant</dc:creator>

		<pubDate>Sat, 10 Aug 2013 17:08:31 +0000</pubDate>

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		<description><![CDATA[Single Premium life is a modified endowment contract that includes a death benefit and the policy provision to accumulate cash values tax deferred based on a single deposit. Any policy loans will be treated as a ordinary income taxable event at the effective tax bracket rate of the life insurance policy owner.]]></description>

		

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