Single Pay Whole Life

Offers guaranteed death benefit protection and cash value accumulation with no future premiums.

Guaranteed Premium

One-time premium payment

Minimum Death Benefit

  • $25,000 for issue ages 0-44
  • $35,000 for issue ages 45-85

Single Pay Whole Life in action

Carol, 59, a mother of three and grandmother of seven, has $60,000 that has not been earmarked for other purposes. She’s proud of having been able to save some of each paycheck during her 35 years as a teacher, and now has a purpose besides having an emergency fund. She’s not sure exactly what her grandchildren’s dreams will be, but she is sure she wants to help them and be a part of their success. Her goal is to increase the amount she would be able to leave her children and grandchildren.


Using the financial power of Single Pay Whole Life (SPWL), with a single payment of $54,100 and one-time Paid Up Insurance (PUI) payment of $5,900, Carol can purchase $136,8621 of guaranteed death benefit.

Immediately, she has more than doubled the amount she will leave to her family! Additionally, Carol’s policy has an immediate cash value of more than $45,000 – more than three-fourths of her initial payment!

Please note, single premium life insurance is usually a modified endowment contract (MEC). An accountant or attorney should be consulted regarding individual circumstances.

Get a quick understanding of our whole life products.

Compare All Whole Life Products

Get a life insurance quote online or have an agent contact you

Other Whole Life Insurance Options

Continuous Pay Whole Life Video

Continuous Pay Plans

Learn More
Limited Pay Whole Life Video

Limited Pay Plans

Learn More
Whole Life Product Overview Video

Path Protector Plus® Whole Life

Learn More

For illustration purposes only. Subject to underwriting. Example assumes proposed insured’s rating classification is Preferred Non-Tobacco and monthly EFT is the selected premium mode.

Policy Form LSPWL18, Single Premium Whole Life Insurance Policy; Policy Form 5794, Paid Up Insurance Rider

Not available in AK, DC, HI, MT, or NY. Coverage and availability may vary in other states.

For policy costs and details of coverage, limitations, exclusions and terms, contact your agent or Illinois Mutual. If any discrepancies exist between this communication and the policy, the terms of the policy will control.

Illinois Mutual, its agents and representatives may not give legal or tax advice. An accountant or attorney should be consulted regarding individual circumstances.