As consumers seek security in the face of financial uncertainty, sales of single premium plans from life insurance firms have increased. These insurance relieve consumers from having to pay renewal premiums every year and are popular among those who do not have a consistent financial flow. They are also popular among individuals who use it as a last option to avoid taxes at the end of the fiscal year, as well as those who have received a lump amount such as an annual bonus, an investment payment, or a family inheritance.