| 单词 |
single-premium life insurance |
| 释义 |
Single-premium life insurance Single-premium life insuranceA whole life insurance policy requiring one premium payment, which accrues cash value much more quickly than a policy paid in installments.Single-Premium Life InsuranceA life insurance policy purchased with a large, lump sum payment. Single-premium life insurance may take any number of forms: it may be structured as whole life or term life, or nearly any other kind of life insurance. What distinguishes it is the one-time payment at the purchase of the policy. |
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