Single Premium Variable Life Insurance

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A Lifetime Protection with Single Premium

Single Premium Variable Life insurance (SPVL) is a perfect life insurance plan for you if you want to make a single premium payment for a permanent life insurance plan that also gives you an opportunity to build cash value or accumulate value on a tax-deferred basis with several sub-accounts managed professionally. Foresters Financial offers oodles of benefits and features in the SPVL plan. Besides requiring you to make a single premium payment, the plan also offers permanent life insurance protection as well as professional management. You can also enjoy a lot of tax advantages in this insurance plan such as tax-deferred growth, tax-free transfers among investment sub-accounts as well as a tax-free death benefit.

Features and Benefits

SPVL allows your life insurance policy to build cash value with professionally managed sub-accounts or fixed account. In addition, the plan allows you to access your cash value by borrowing against the cash value of your policy in the form of a policy loan whenever you need extra cash.

  • SPVL is for you if you need a permanent life insurance that will allow you to transfer wealth in a tax-effective way. If you are willing to assume investment risk with your cash value or need a life insurance policy with a tax-deferred investment component, this plan is adequate for you.
  • The plan allows you to make a single premium payment in exchange for permanent life insurance coverage and an opportunity to build cash value on a tax-deferred basis with investment sub-accounts managed professionally.
  • The plan offers several benefits such as a single premium, permanent insurance protection, professional management and a variety of sub-accounts.
  • The plan allows you to enjoy tax advantages such as tax-deferred growth, tax-free transfers among investment sub-accounts, and tax-free death benefits.
  • SPVL allows you to build cash value with fixed accounts or professionally managed sub-accounts.
  • It also allows you to borrow against the cash value of your policy in the form of a policy loan.

 

 

Additional resources

Learn more about life insurance from these informative articles to help you decide in choosing the best plan for you.

Insurdinary provides a comprehensive quotes comparison sends straight to your inbox so you can start comparing health coverage in minutes. See plans from several major Canadian insurers to choose the right option for you. Our customer health specialists are also available to address your questions and concerns.

For more information, you may contact us at 1-877-574-7475, or complete the form below.

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