No one expects the unexpected. However, you know that things could happen in your life that shake a family’s world: a devastating injury, a sudden illness, an unexpected death. Although you don’t want to think about these things, you do want to protect your family against any harm when the unexpected occurs. For the good of your family, consider some reasons for investing in a single premium policy.
One of the disadvantages of many life insurance policies is the need for constant care and the consequences when an accidental lapse occurs. Suppose your family is having a difficult time sorting out the complications of health care, and then they receive the news that your life insurance policy has lapsed. Such added stress is unnecessary. With a single premium policy, you essentially set up your life insurance and then go about your business without worry. Then, when you need it, your insurance is there.
Another benefit of this single premium insurance is the peace of mind you receive knowing that when the unexpected does occur, your benefits transfer directly to your family without having to worry about tax repercussions. Again, why add stress to a time when your family most needs support? Consider single premium insurance for your peace of mind and theirs.