What Is a Single Premium Strategy?
A Single Premium strategy lets you make one lump-sum deposit and receive guaranteed interest, tax advantages, lifetime income options, a legacy for your loved ones, and protection from market loss. It’s a smart choice for people moving money from CDs, savings, old 401(k) rollovers, or excess cash who want safety, growth, and long-term financial stability.
Whether retirement is in your distant future, you’re nearing retirement, or you’re already retired, Single Premium Annuities and Single Premium Life Insurance can help you grow wealth safely and efficiently.
What is Medicare?
Medicare is a federal health insurance program accessible to individuals who are 65 years and older, as well as to those under 65 with specific disabilities or medical conditions like End-Stage Renal Disease.
It comprises various components, known as Parts A, B, C, and D, each designed to meet different healthcare requirements.
Original Medicare
Medicare Parts A and B are referred to as "Original Medicare".
These parts are managed by the federal government. Some individuals who receive Social Security benefits are automatically enrolled in Original Medicare while others need to apply for it as they approach their 65th birthday.
Medicare Part A (Hospital Insurance)
Medicare Part A includes coverage for inpatient services in hospitals or skilled nursing facilities, as well as home health care and hospice care for patients with terminal illnesses.
Part A Cost
Deductible
You must first meet a Part A deductible before Part A helps with your covered medical expenses.
Options
There is no insurance premium for Part A if you or your spouse have paid into Social Security for a minimum of 10 years.
If not, you have the option to purchase Medicare Part A.
Copays
Copayments or cost-sharing might be required for certain services. This includes prolonged hospital or skilled nursing facility stays.
Coinsurance
Part A has coinsurance for:
• Inpatient hospital care lasting between 61-90 days total per benefit period.
• Inpatient mental health care lasting between 61-90 days total per benefit period.
• Skilled nursing care lasting between 21-100 days total per benefit period.
Coinsurance is also available for a limited number of additional days.
Explore Your Annuity Options
Annuities offer safe, predictable ways to grow your money and create income for retirement. Each type provides unique advantages depending on your goals whether you want guaranteed growth, lifetime income, or protection with upside potential.
Which type works best for you?
Multi-Year Guaranteed Annuities
(MYGA)
Guaranteed fixed interest rates
3–10 year terms
No market risk
Ideal for safe growth
Single Premium Immediate Annuities (SPIA)
Guaranteed income you can’t outlive
Lifetime or period-certain payouts
Retirement paycheck replacement
Equity Indexed Annuities
(EIA)
Growth tied to an index (S&P 500, etc.)
Downside protection
Optional lifetime income riders
Flexible Premium Annuities
Make additional contributions
Long-term tax-advantaged accumulation
Medicare Part B (Medical Insurance)
Medicare Part B provides coverage for doctor visits, durable medical equipment, speech therapy, occupational therapy, physical therapy, and various other outpatient services.
Part B Cost
Deductible
Similar to Part A, you must first meet an insurance deductible before Part B helps with your medical costs.
Copays
Copayments or cost-sharing might be required for certain services, such as those provided in an outpatient hospital setting
.
Coinsurance
You are responsible for 20 percent of the cost for certain medical services, including doctor visits, outpatient therapy, and durable medical equipment.
Preventative Care
Medicare-covered preventive care services, including annual wellness visits and mammograms for women, are fully covered. No deductibles, copayments, or coinsurance are required for these services.
Premium
Medicare Part B requires a monthly insurance premium, which depends on your enrollment timing and annual household income.This premium is typically deducted from Social Security benefits.
It is distinct from the premiums for Medigap, Medicare Advantage (Part C), or Prescription Drug Coverage (Part D).
Note about Medicare Part B Limits: Medicare Part B imposes annual limits on services for physical
therapy, occupational therapy, and speech-language pathology.
Explore Single Premium Life Insurance
Single Premium Life Insurance lets you make one deposit to create lifelong coverage, build cash value, and leave a tax-advantaged legacy.
Which option fits what you’re looking for?
Traditional Single Premium Whole Life
One deposit and a permanent policy
Instant estate creation
Cash value growth
Tax-free death benefit
Equity Indexed Single Premium Life
Index-linked growth
Accelerated living benefits (chronic/critical/terminal illness)
Long-term tax efficiency
Looking for a First-Class Insurance Partner?
Bateman Insurance Agency
National Producer Number: 978321
DISCLAIMER: We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area.
Company
Insurance Options
Legal