How Does Single Premium Whole Life Insurance Work? 
Single Premium Whole Life Insurance is a lump sum deposit into a modified endowment permanent life insurance policy . The Single Premium Whole Life Insurance policy can be designed to cover an indemnification need , an income scenario like an annuity and as a transfer asset for generational gifting.Single Premium Whole Life Insurance can be a tax advantaged opportunity with interest rate crediting that may be competitive with other interest rate products . 