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Simple English definitions for legal terms

single-premium insurance

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A quick definition of single-premium insurance:

Single-premium insurance: This is a type of life insurance where you pay a lump sum of money upfront instead of making regular payments. It is also known as single-premium life insurance.

A more thorough explanation:

SINGLE-PREMIUM INSURANCE

Single-premium insurance is a type of life insurance where the policyholder pays a lump sum of money upfront to the insurance company. This payment is usually a large amount and covers the entire cost of the insurance policy. The policyholder does not have to make any further payments after the initial lump sum payment.

For example, John purchases a single-premium life insurance policy for $100,000. He pays the entire amount upfront to the insurance company. The policy will provide a death benefit to John's beneficiaries when he passes away. John does not have to make any further payments for this policy.

Another example is Sarah, who purchases a single-premium annuity. She pays a lump sum of $50,000 to the insurance company. In return, the insurance company will provide her with a guaranteed income stream for the rest of her life.

Single-premium insurance is a convenient option for individuals who have a large sum of money available and want to secure their financial future. By paying a lump sum upfront, they can ensure that their beneficiaries will receive a death benefit or they will receive a guaranteed income stream for the rest of their life. The examples illustrate how single-premium insurance works and how it can benefit policyholders.

single-premium deferred annuity | single-publication rule

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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