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Home Term Insurance Definitions single premium whole life insurance policy

single premium whole life insurance policy

A single premium whole life insurance policy is a single premium life insurance policy where the entire premium is paid in a lump sum at the policy's inception.

single premium whole life insurance policy

A single premium whole life insurance policy is a single premium life insurance policy where the entire premium is paid in a lump sum at the policy's inception.

Additional Information

In a mutual company, a participating policy may qualify for dividends as well as the guaranteed increase in the cash value of the policy.