Single Payment Whole Life
Insurance that maximizes your legacy to loved ones
Single payment whole life insurance is coverage you buy with just one payment, and protection lasts the rest of your life. When you purchase this type of policy, your single payment increases in value by a factor that’s based on your gender, your age and your health, resulting in a death benefit that’s larger than the original payment. If you’re in your 50s, for example, it could be more than double.
Because of this immediate increase – and because the resulting death benefit passes income tax-free to your beneficiaries under current tax law – this type of life insurance is a good match for people who want to transfer wealth.
For example, with Liberty Life’s Liberty Series Estate Maximizer single payment whole life insurance, a 65 year-old female making a single payment of $50,000 will have an immediate death benefit of $102,105.1
A 65 year-old male making a single payment of $50,000 will have an immediate death benefit of $91,110.1
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Liberty Life Assurance Company of Boston, a member of the Liberty Mutual Group, issues Liberty Series Estate Maximizer, a single payment interest-sensitive whole life insurance contract, on policy forms SPWL-2007128, ICC08-SPWL-2007150 as applicable (SPWL-2007128 NY in New York and SPWL-2007128 NJ in New Jersey) and state variations identified by state code. Liberty Life’s obligations under its life insurance contracts are guaranteed by Liberty Mutual Insurance Company. Home Office: Boston, MA. Service Center: Dover, NH.
1The initial death benefit will be determined by the single payment, the applicant’s age and sex, and is subject to Liberty Life’s eligibility requirements.