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 subaccounts 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 subaccounts as well as a tax-free death benefit.
Why You Should Choose Foresters Single Premium Variable Life Insurance
SPVL allows your life insurance policy to build cash value with professionally managed subaccounts 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.