Top Insurance Companies - Selling Single Premium Life

New and professional insurance agents alike, ofteninclude earnings that accumulate tax deferred, a
overlook selling single premium life. Some agents dobeneficiary receives an immediate, tax-free death
not know who the top insurance companies offeringbenefit, and policy owners are able to retain access
the plans are. Other agents are unfamiliar with theto their money to meet unseen circumstances.
advantages the coverage can provide the client. ThisThe disadvantages of singe-premium life are that is
will briefly explain the needed information on bothnot a deposit that it is not FDIC insured by a Federal
This is a great option for a client that has a lump sumGovernment Agency. It is also not guaranteed by
of cash not needed right now, and desiringany bank provisions and could possibly lose value.
guaranteed life insurance protection. For provide theThe Top Insurance Companies Actively Promoting
family or charity with a later payment, single-premiumSINGLE PREMIUM LIFE
life insurance may be the ideal product for you. The1. Americo Financial Life and Annuity Insurance
minimum investment payment is usually $5,000.Company, all states but Al, AK, MS, NJ, NY, PA, WA
Single Premium Life Insurance protects the financial2. AmerUs Life Insurance Group, national
security of individuals interested in preserving and3. Assurity Life Insurance Company, national
transferring their wealth without passing along estate4. Aviva Life $ Annuity Company, all states but MA.
taxes. Single premium life insurance requires a oneMT, PA, VT
time, lump sum of money paid into the policy in5. Baltimore Life Insurance Company, all states but
return for a death benefit guaranteed to remainKY, MA, MT, NY
paid-up until the policy owner dies. With6. Catholic Family Life, these 20 states: AZ, CA, CT,
single-premium life insurance, the cash invested buildsIL, IN, IA, ME, MD, MI, MN, MN, MO, NE, NH, PA, RI,
up quickly because the policy is fully funded.SD, VT, VA. WI
The size of the death benefit depends on the7. CSA Fraternal Life, these 17 states: CA,CO,FL, IA,
amount invested and the age and health of theIL, IN, KS, MD, MI, MO, NE, NJ, OH, PA, TX, WI
insured. At age 55, a $25,000 single payment on a8. EMG National Life Company, no NJ or NY
female could carry a $60,000 death benefit. In turn a9. Equitable Life & Casualty, all states but AK,
50-year-old male may make a $25,000 singleCA, CT, DE, FL, GA, HI, MD, MA, MN, NJ, NY, PA, RI,
payment and have a $100,000 death benefit. SomeVT, WA, WI
SPL policies give tax-free access to the death benefit10. Illinois Mutual, all states but not AK, HI, NJ, NY
to pay for long-term care expenses. This super11. Lincoln National Life Insurance Company, national
feature can help protect other assets from the12. Motorists Life Insurance Company, available in FL,
overwhelming cost of long-term care. The deathGA, IL, IN, KY, MI, OH, PA, SC, TN, VA, WV, WI
benefits remain in the policy, and when the policy13. Mutual of Omaha, all states but MD, MA, NJ, PA,
owner dies, they pass income tax free to theVT
beneficiaries.14. New York Life Insurance Company, national
Investment Options There are two popular15. National Guardian Life Insurance Company, all
single-premium policies that offer differentstates but ME, NY, VT
investment options. First, there is single premium16. Nationwide Financial, all states but CA, CT, HI, MA.
whole life, which pays a fixed interest rate. This rateMS, MT, NV, NJ, NC, PA, TX, UT, WA
is based on the investment experience and current17. Royal Neighbors, All states but AL, AK, HI, MA,
economic conditions affecting the insurance company.NH, SC, VT
The other option is single premium variable life that18. SBLI USA Mutual Life Insurance Company, most
allows policy owners to select from a wide numberstates
of professionally managed money market, stock, and19. Standard Life and Accident Insurance Company, all
bond or set up a fixed account.states except AL, AK, ME, MT, NH, NJ, NY, SD
The advantages of single premium life insurance20.