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single premium

American  

noun

  1. a single payment that covers the entire cost of an insurance policy.


Etymology

Origin of single premium

First recorded in 1875–80

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Right now, a woman who retires at 65 and buys a single premium immediate annuity can collect 7.6% a year for life, according to the latest market data available from annuity marketplace Immediate Annuities.

From MarketWatch • Mar. 26, 2026

“A retirement plan sponsor needs to question whether paying higher expenses throughout a person’s entire working career for the ‘opportunity’ to purchase a single premium annuity justifies this additional overall cost.”

From New York Times • Nov. 13, 2017

Hewitt Ennisknupp, an Aon unit, estimated there were about 200 single premium group annuity deals done last year, worth about $900 million -- just one-third of what had been done even four years previously.

From Reuters • Jun. 11, 2012

A variation of this full deduction could be made for those who are more attracted to the single premium hybrid products, perhaps spreading the deduction out over the course of 10 years.

From Forbes • Oct. 31, 2011

Admitting the correctness of the new method, we must conclude that the present single premium is not sufficiently loaded to cover its own expenses, while the annual payment policy pays more than its just share.

From Scientific American Supplement, No. 787, January 31, 1891 by Various

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