single-premium life insurance

single-premium life insurance definition - business

single-premium life insurance

An insurance policy that requires a single upfront premium for paid-up coverage for the lifetime of the insured. This type life insurance is heavily weighted toward being an investment plan that provides tax-deferred accumulations.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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