single premium policy
1single premium policy — / sɪŋg(ə)l pri:miəm/ noun an insurance policy where only one premium is paid rather than regular annual premiums …
2Single-Premium Life Insurance — An insurance plan in which a lump sum of cash is paid up front to guarantee payment to beneficiaries. Because single premium policies are instantly fully funded, the money invested builds up rapidly, making for a potentially sizable benefit even… …
3Single-premium deferred annuity — An insurance policy bought by the sponsor of a pension plan for a single premium. In return, the insurance company agrees to make lifelong payments to the employee (the policyholder) when that employee retires. The New York Times Financial… …
4single premium — noun : the sum that would meet in a single payment the cost of a life insurance policy for the entire policy term * * * a single payment that covers the entire cost of an insurance policy. [1875 80] …
5single-premium life insurance — A whole life insurance policy requiring one premium payment, which accrues cash value much more quickly than a policy paid in installments. Bloomberg Financial Dictionary …
6single premium — a single payment that covers the entire cost of an insurance policy. [1875 80] * * * …
7single-premium assurance — A life assurance policy in which the insured pays only one capital sum rather than regular premiums. See also investment bond …
8Premium Financing — involves the lending of funds to a person or company to cover the cost of an insurance premium. Premium finance loans are often provided by third party finance entity known as a Premium Financing Company ; however insurance companies and… …
9premium — consideration paid for an insurance policy. Glossary of Business Terms (1) The additional payment allowed by exchange regulation for delivery of higher than required standards or grades of a commodity against a futures contract. (2) In speaking… …
10premium — A reward for an act done. Brown v. Board of Police Com rs of City of Los Angeles, 58 Cal.App.2d 473, 136 P.2d 617, 619. See also bonus A bounty or bonus; a consideration given to invite a loan or a bargain, as the consideration paid to the… …
