- single premium
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a single payment that covers the entire cost of an insurance policy.[1875-80]
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Universalium. 2010.
single premium
Look at other dictionaries:
Single-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… … Investment dictionary
Single-Premium Deferred Annuity - SPDA — A type of annuity contract that is established with a single lump sum payment by the owner. The annuity then grows on a tax deferred basis until annuitization. Single Premium Deferred Annuities (SPDA) can be either fixed or variable, and… … Investment dictionary
single premium annuity contract — An annuity contract for which the purchaser pays a single premium, that is, a premium in one lump sum. 4 Am J2d Annui § 1 … Ballentine's law dictionary
Single-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… … Financial and business terms
single 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] … Useful english dictionary
single-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 … Financial and business terms
single premium policy — / sɪŋg(ə)l pri:miəm/ noun an insurance policy where only one premium is paid rather than regular annual premiums … Dictionary of banking and finance
Single-Premium Deferred Annuity — ( SPDA) An IRA like annuity into which an investor makes a lump sum payment that is invested in either a fixed return instrument or a variable return portfolio, which is taxed only when distributions are taken. Bloomberg Financial Dictionary … Financial and business terms
single-premium assurance — A life assurance policy in which the insured pays only one capital sum rather than regular premiums. See also investment bond … Big dictionary of business and management
Premium 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… … Wikipedia
