Single Premium Variable Life Insurance

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.

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