single-premium life insurance

single-premium life insurance definition - finance
A whole life insurance policy that is paid for in one payment instead of a monthly or yearly payment frequency. One benefit of this type of policy is that the policy will begin accumulating its cash value at a faster rate than will a policy for which payments are made monthly. See also whole life insurance.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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