Single Premium Legacy Policies
What is Single Premium Life Insurance?
Single premium life insurance (SPL) product provides a simple and effective way to help you pass on a legacy to your heirs. You make a single premium payment, which locks in an income tax-free death benefit, while the living benefits give you access to your money should you need it for expenses related to a chronic illness or face a terminal illness. Because single premium life insurance policies are tax-deferred, growth and tax-free death benefit to your heirs, Single premium life insurance offers significant advantages over savings vehicles like annuities or CDs.
Contact Mutual of Alabama to schedule your insurance and annuities consultation today.
Call us at (205) 240-4726 or Contact Us here!