Single Premium Whole Life Insurance

Pay for it once and you’re done! That’s the benefit of Single Premium Whole Life Insurance.

Three generations of women enjoy an outdoor tea party on a sunny day. They are confident that their future is financially secure with the Single Premium Whole Life Insurance they have purchased.

Free yourself from worrying about making ongoing premium payments and ensuring your payments are received on time with Single Premium Whole Life Insurance. You’ll enjoy a policy with guaranteed death benefit and cash value accumulation, which you can borrow from in the future to help pay for things like retirement, education or other needs.

Key Features

One premium payment for a lifetime of coverage
Guaranteed protection for your entire life (up to age 121)
Guaranteed cash value accumulation, which you can borrow from in the future
Accelerated underwriting for policies with a face value of up to $50,000
Participating policy that pays dividends

Important Advisories

$50,000 minimum will be allowed if converted from Guaranteed Insurability Option for Select, Select+ and Tobacco issue ages 18-45.
Single Premium Whole Life Insurance is considered a Modified Endowment Contract (MEC). As such, any distributions, including loans, may be taxable if there is a taxable gain in the contract, and must be reported as taxable income. In addition, distributions that occur prior to age 59½ may be subject to a 10% tax penalty. Therefore, it is important that Single Premium Whole Life Insurance is purchased with assets that you are reasonably confident will not be needed in the future.
Dividends are not guaranteed.
Loans will reduce cash values and death benefit. Loans are subject to a maximum effective interest rate charge of 8.0%, which if not paid is added to the loan debt. The policy will terminate if the loan debt equals or exceeds the cash value.
Like all life insurance policies, this policy and any associated riders have exclusions, limitations, reduction of benefits, and terms under which the contract may be continued in force or discontinued. For costs and complete details of coverage, contact your representative or call 810.521.9292.

Single Premium Whole Life Insurance ICC19 SPWL; ICC19 SPWL SPN; 2021 SPWL FL and 2021 SPWL FL SPN.

Request a free, no obligation needs analysis with a representative for more information.

Make the Connection: Woman’s Life, a Trusted Fraternal Life brand, provides the financial protection you expect with the added benefit of helping those in need. When you plan ahead to protect your family’s financial security, you also help support scholarships, soup kitchens, charitable events, and more. Through our Chapter Financial Support Programs, we support communities to help neighbors, friends, and families. Click here to learn about the Communities and Causes supported by active Woman’s Life Chapters.

Woman’s Life® is a Trusted Fraternal Life™ brand. Life insurance and annuities issued by Trusted Fraternal Life, Milwaukee, WI. Not available in all states. Speak with a representative to learn about specific products, costs, and benefits and to determine which is right for your needs.