Single Premium Insurance Annuity

When an individual opts for a single premium life insurance policy, they have to pay the premium as as a lump sum amount once before the policy starts. That is all they have to worry about. Usually, a single premium life insurance policy provides a minimum of 110% return, while the maximum is capped at around ten times the initial amount. It is essential to remember this figure varies from policy to policy. If the insured were to die with this annuity the entire premiums will be returned.