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Home > Life Insurance > Single Premium Universal Life FAQs
Single Premium Universal Life FAQs
| Q.
| Why is it appropriate to consider single premium universal life insurance?
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| A. |
It is appropriate if an individual is concerned with preserving their assets, leaving a legacy or having funds available for the costs associated with extended care or terminal illness.
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| Q. |
How can Standard Life and Accident's single premium universal life insurance help with wealth preservation, leaving a legacy and having funds available for extended care or a terminal illness?
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| A. |
Standard Life's Wealth Guardian provides a guaranteed return of premium, a simplified transfer of assets, free from ordinary income tax, and an acceleration of benefits up to the full face amount if the insured becomes terminally ill or needs services from an eligible institution.
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