Single Premium UL requires the insured to pay a one-time single premium to receive a fully paid life insurance policy.  There is a minimum death benefit-insurance.

The full Single Premium paid goes into a Cash Value Account and the interest rate is applied to the Cash Value Account annually.  The interest rate may fluctuate from year to year but there is a 3% guaranteed minimum interest rate amount.  The Company will charge its annual fees, mortality risks and  Administrative cost.