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Single Premium Life Insurance

oboloo Glossary

Single Premium Life Insurance

Single Premium Life Insurance: A type of life insurance policy that requires only one premium payment, instead of regular payments. This allows for the flexibility to pay a lump sum and be covered for the full term duration – meaning guaranteed protection for fixed sums. Single Premium Life Insurance policies provide financial security against the unexpected, allowing you to rest easy knowing that your family and loved ones are taken care of.

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