How Single Premium Whole Life Works
With a Single Premium Whole Life policy, you make just one lump-sum payment to secure a benefit that lasts your entire life. It’s designed for individuals who want certainty, simplicity, and a more innovative way to transfer their assets.
What you get:
- A guaranteed death benefit that never decreases
- Guaranteed cash value accumulation
- Access to living benefits for qualifying chronic or terminal illnesses
- No need to worry about making future premium payments after making the initial premium payment
SPWL is ideal if you:
- Want to leave a meaningful legacy to family, friends, or charities
- Need a smarter way to reposition savings or investments
- Are seeking long-term peace of mind
One payment. Lifetime protection.
Make a single, one-time premium payment to secure permanent, guaranteed life insurance coverage for your entire lifetime.
Guaranteed Lifetime Benefit
Your beneficiaries will receive a death benefit upon your passing, bypassing probate and safeguarding your legacy.
Immediate Growth with a Premium Bonus
Your single premium purchases additional coverage instantly with an automatic bonus, up to 10% depending on age at issue.
Access Cash Value When Needed
Your policy accumulates guaranteed cash value that you can access through loans or withdrawals during times of financial need.
Living Benefits for Chronic or Terminal Illness
Accelerate part of the death benefit to help cover expenses if you’re diagnosed with a qualifying chronic or terminal illness.
Simplify Your Legacy Planning
Use SPWL to efficiently transfer assets and provide for your heirs with only one payment.
Who Should Consider Single Premium Whole Life?
- Individuals ages 50 to 85 who want to transfer wealth with certainty
- Individuals planning their estate
- Those who seek lifetime insurance protection with just one payment
- Anyone seeking lifetime insurance protection with just one payment
- Flexibility – You can make withdrawals if circumstances change, and your death benefit will be adjusted
