LIFE INSURANCE RATE CALCULATOR
If you are considering a life insurance plan other than Single Premium Life Insurance, this quote engine will also offer you quotes for term life, return of premium term and universal life from carefully selected and highly rated carriers. If, however, you are interested in whole life insurance, it is important for us to talk. These plans are very carefully custom-designed to meet a person’s needs and wants.
Single premium whole life insurance offers Guaranteed Death Benefit that cannot be negatively effected. And yes, it can be a non-MEC!
Guaranteed No-lapse Protection that keeps the single premium life insurance active until the age of 121.
You will never have to pay another premium. These are available as participating and non-participating whole life plans. Subject to state availability.
Consider using single premium whole life insurance when planning for:
Estate Conservation and Family Protection:
Guarantees liquidity to cover estate tax and protect the family from possible financial hardship.
Guaranteed cash value, death benefit and premiums to finance business needs.
Increased ability to give larger charitable gifts to your favorite places of worship, non-profit organizations and universities.
A 55 years old healthy male if invests $203,485 in a single premium whole life (SPWL) insurance policy, his immediate death benefit* will be $500,000.That is a gain of $296,515 for his beneficiary.
A 55 years old healthy female if invests $179,200 in SPWL policy, her immediate death benefit* will be $500,000.That is a gain of $320,800 for her beneficiary.
This is a slam dunk plan. Can’t be simpler than that.
*Under the current tax code, death benefit proceeds go income tax-free. **Subject to underwriting, age, and state availability.
ISSUE AGE: 0-85 years
MATURITY AGE: 121
MINIMUM FACE AMOUNT: $10,000
CASH VALUES: Yes
PLANS WITHOUT ANY MEDICAL EXAM ARE ALSO AVAILABLE
If tax-deferred cash values and a lifetime of coverage are important to you, then single premium whole life insurance is an excellent option to consider.
Mostly, when you pay a single payment to buy life insurance, it becomes a modified endowment contract (MEC). . But there are ways to make the single premium whole life insurance plans non-MEC. If you are seriously considering a single pay whole life plan, give a us a call at 818 808 0090.