Single Premium Life Insurance

SPL Policies cover Life Insurance, Long Term Care, and Wealth Transfer Needs.

Single Premium Life Insurance (SPL) is a form of life insurance that’s paid with one upfront lump-sum payment. Once you’ve purchased an SPL policy, you receive a permanent death benefit that is paid-up and a death benefit guaranteed until you die. Single Premium whole life builds cash value over the life of the policy. The cash value of the policy grows at a guaranteed interest rate over the life of the policy. The size of the death benefit of a Single Premium Policy (SPL) will depend on the amount of money invested and the age and health of the insured. SPL policies can be issued as whole life, universal life, or variable life policies. The health of the insured is very important, you must be in good to adequately good health in order to be approved for an SPL policy due to the single payment and the guarantees in the policy.

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Single Premium Life Insurance

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Want to learn more about Single Premium Life Insurance?
What is Single Premium Life Insurance?

SPL may be used to create an estate for your beneficiaries or your favorite charity. A lump sum of money is paid into the policy in return for a death benefit that is guaranteed until you die.

Are Single Premium Life policies available regardless of health?

No, you must be approved medically in order to qualify for this type of policy.

Can I own more than one Single Premium Life Insurance Policy?

Yes, you can own multiple SPL policies if you choose. Please remember if the additional policies are purchased six months after your initial policy, you will be asked to undergo a medical examination.

Why should I consider a Single Premium Life Policy?

It is a risk-free way to increase an inheritance to a loved one or a favorite charity. In many cases, you can increase the inheritance to your children or grandchildren by 33% simply by reallocating the funds. Most people that take out an SPL policy are conservative by nature. They have been careful with their money and are usually interested in risk-free investments. The majority of our clients that apply for an SPL policy fit that mold. They keep a portion to a majority of their funds in Cash, Bank Savings Accounts, Bank Money Market Accounts, Certificate of Deposits, U.S. Savings Bonds, Treasury Securities or Municipal Bonds. They like risk free, which is why a Single Premium Life Insurance plan makes so much sense for them. No bells, no whistles—just guarantees without the risk.


What is a good age to take out an SPL Policy?

You can apply for an SPL policy at any time, but most people are nearing retirement or are already there. Please keep in mind it is an excellent wealth transfer option. Younger people are focused on accumulating wealth as opposed to wealth transfer. As we age, we think about the safest ways to maximize our retirement incomes and ultimately, the transfer of those assets to our families upon death.

Your Family is Our Focus

We are a fully transparent agency, there are no secrets or surprises. We allow consumers to see the companies we represent and allow them to quote prices before they contact us. We want them to know which company offers the lowest prices as opposed to us telling them. Once a program is selected by the consumer or suggested by TopLine, our clients are amazed at the speed in which they are approved for coverage. We have a family mentality that is productive and fun. Our office has almost no turnover, which means you get to know us very well. We are an insurance family, and we treat our clients as an extension of our family, without them, there is no TopLine Insurance.

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At TopLine, we partner with some of the most reputable life insurance companies in the country. We can help you compare quotes and find the best deal.

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Our life insurance brokers are experienced and passionate about finding the best policies for our clients. If you are unsure about your options or have any questions, they are happy to help.

Instant ApprovalInstant Approval

Don’t worry about medical exams or your financial situation. With TopLine, you can get approved for a life insurance policy instantly.

Our Insurance Carriers
Accordia Life, A Global Atlantic CompanyAllianz Life Insurance Company of North America
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They said the application process would be fast. I was thinking I would be approved in a few weeks but somehow, they made sure we got approved the same day. Tracy made the approval process simple and walked me through everything.

- Tanya F.
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