Single Premium / Single Purchase Payment

Single Premium / Single Purchase Payment,

What is The Definition of Single Premium / Single Purchase Payment?

  • A single premium annuity is a deferred annuity that allows you to deposit funds into your retirement account only once, the first time you purchase a product.

Literal Meanings of Single Premium / Single Purchase Payment


Meanings of Single:
  1. One step, one in many.

  2. Single or not in stable sex.

  3. It consists of one piece.

  4. Free from duplication or clever tricks.

  5. Not a person or thing and not part of a couple or group.

  6. This will allow the dough to reach the bottom safely.

  7. A game or competition for individual players (especially in tennis and badminton), not doubles or teams.

  8. Choose something or other from the group for special treatment.

  9. Just an hour

Sentences of Single
  1. A red rose

  2. Single mother

  3. There is a large study room

  4. Pure and unique heart

  5. The end result is a picture of mystical proportions, hidden in the painting, which mentions not one and not many.

  6. The next hitter strikes twice to go straight to the other expansion base.

Synonyms of Single

fix on, and single, unmarried, young, choose, unattached, available, lone, one, footloose and fancy free, pick out, select, isolated, by itself, solitary, decide on, one only, sole, eligible, free


Meanings of Premium:
  1. Amount paid for an insurance policy.

  2. Something that is given as a gift, gift or incentive

Sentences of Premium
  1. If the calculations are correct, the income of the pensionable worker will have to be paid by the insurance company to the insurance company for equal rights in addition to his salary.

Synonyms of Premium

insurance payment, remuneration, perk, recompense, extra amount, additional fee, percentage, instalment, reward, prize, regular payment, additional payment, bonus, surcharge, extra, insurance charge, extra charge


Meanings of Purchase:
  1. Get it by paying to buy (something).

  2. Transport (rope or cable) or trailer (anchor) with pulley, lever etc.

  3. To maintain or position on an object to apply force for the benefit or benefit derived from such application.

Sentences of Purchase
  1. The hooves of the horses struggled to stay on the slippery floor

Synonyms of Purchase

hold, buy, acquire, obtain, grasp, grip, foothold, firm contact, attachment, pay for, anchorage, procure, snap up, put money into, shop for, come by, secure, footing, invest in, support, toehold, take, fingerhold, pick up


Meanings of Payment:
  1. The act or process of paying or receiving something or something.

  2. Paid or payable

Sentences of Payment
  1. Apply for a cash discount

  2. A $ 2,500 interim settlement

Synonyms of Payment

reckoning, remission, discharge, instalment, liquidation, amount, premium, settlement, clearance, remittance