What is single premium life insurance?

Single premium life insurance is a type of permanent life insurance that you pay for with a single lump sum rather than making monthly premium payments over time.

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Benefits of single premium life insurance

A single payment

With a single premium policy, you don't have to worry about ongoing payments. This can be a great option if you get a lump sum of money or you want to give life insurance as a gift.

Build cash value quickly

Because the cash value of a single premium life insurance policy doesn't rise and fall with the market, it can become a unique asset as part of an overall financial plan.1

A permanent life insurance policy

Single premium insurance offers lifelong coverage and access to cash value. It's a way to plan for your legacy without having to worry about ongoing payments.

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The Northwestern Mutual difference

A++ financial strength rating

AAA, Aaa, and AA+—we've earned the highest financial strength ratings awarded to life insurers from all four major rating agencies.3

Awarded in the Insurance category: Life & Health industry, Fortune® Magazine's annual survey, 2017

No. 1 ranked insurance company for consumer experience

Best life insurance company for consumer experience, 20234

Ranking for Northwestern Mutual Investment Services LLC, ©2017–2024 and TM, NerdWallet, Inc. All Rights Reserved.

5.0M+ clients at Northwestern Mutual

The number of people we're proud to call clients, and who put their trust in us.

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