Single premium life is a great way for your clients to turn assets they do not need for daily living into an immediate larger death benefit for their beneficiaries. There are different types of SPL including whole life and indexed universal life to give your client the option of guarantees or the opportunity to participate in market growth. Single premium life products are great for transferring wealth to heirs, churches or charities. Below are our top three Single Premium Life Products.

#3:  National Western Life - Lifetime Returns Select

The NWL Lifetime Returns Select product is on a single premium indexed universal life chassis and is available for ages 45-85. It includes terminal illness, paid up life insurance and return of premium riders with an optional critical illness rider. The simplified issue underwriting and 10% penalty free withdrawl options after the first contract year make this a strong option for clients looking for single premium life.  

#2:  Sagicor - Wealthcare

The Sagicor Wealthcare indexed single premium universal life is for legacy planning with lifetime guaranteed protection. In many states it includes a chronic-illness rider and penalty-free return of premium. For clients who qualified for the preferred underwriting class it is available for ages 18 to 85 and standard class is available from 18 to 80.

#1 Baltimore Life – Single Premium Whole Life

While the product name isn’t going to excite anyone, this is our top selling single premium life product. It is on a whole life chassis, making it stand apart from many other SPL products on the market today. For clients ages 50 to 85, this is a way to maximize and conserve an estate and transfer assets to loved ones. It includes living benefits for things like terminal illness, nursing home, home health care and adult day care. A portion of the accumulated values can be accessed once a year any time after the policy has been in force for one year.

Give us a call at 800-852-7152 or fill out the form below to request more information on our top Single Premium Life products!