Single premium insurance

Term · Insurance and risk management · MLC-T-INS-003091

An insurance policy purchased with one lump-sum payment at the time of issue, rather than through a series of periodic premiums. This payment fully funds the policy from its inception, providing immediate coverage. It is commonly used for annuities, whole life insurance, or certain types of long-term care policies, offering a convenient option for those with available capital.

Table 1. Record
Identifier	MLC-T-INS-003091
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-003091",
  "term": "Single premium insurance",
  "field": "Insurance and risk management",
  "definition": "An insurance policy purchased with one lump-sum payment at the time of issue, rather than through a series of periodic premiums. This payment fully funds the policy from its inception, providing immediate coverage. It is commonly used for annuities, whole life insurance, or certain types of long-term care policies, offering a convenient option for those with available capital.",
  "url": "https://mlchart.com/terminology/insurance/single-premium-insurance/"
}

Record 3,189 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.