- Opportunity to invest premium in a secured wide range of investments
- Can also help with college fundings, retirement and business preservation planning
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.
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