What Does Single Premium Variable Universal Life Insurance Mean?

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What does Single Premium Variable Universal Life Insurance mean? Read on to discover the definition & meaning of the term Single Premium Variable Universal Life Insurance - to help you better understand the language used in insurance policies.

Single Premium Variable Universal Life Insurance

Single Premium Variable Universal Life Insurance

Single premium variable universal life insurance is a type of permanent life insurance in which the premium is paid up front with a single, lump sum payment. After the initial payment, those who have this type of insurance no longer have to make any more premium payments. This type of life insurance carries an investment component.

We hope the you have a better understanding of the meaning of Single Premium Variable Universal Life Insurance.

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