Single Premium Life Insurance
Create an instant legacy! Single premium life insurance allows you to obtain insurance with a death benefit guaranteed to remain paid up for the rest of your life for one single premium payment.* The size of the death benefit depends on the amount paid into the policy and the age and health of the insured.
Features and Benefits:
- A one-time premium payment provides permanent protection
- Payout upon the death of the insured is income tax free (under current law)
- A cash value exists as soon as your policy becomes effective
- The gains on the policy’s cash value grow on a tax-deferred basis
- The policy is protected from creditors
- Some policies will give you tax-free access to a portion of the death benefit to pay for long-term health care expenses
For help in deciding what type of insurance best meets your goals and objectives, our Financial Advisors have the know-how to help you navigate the world of insurance. Call us today at (800)392-3009 to schedule an appointment with a Financial Advisor or visit a People's United branch and ask to see one of our life insurance licensed employees.