How a $346,000 single premium provides $24,000/month in lifetime LTC coverage — with a $400,000 death benefit if care is never needed.
Lee (age 68) – Attorney on Bainbridge Island near Seattle, earning $250K–$500K annually.
Suzanne (age 51) – Retired nurse; homeschooled four professionally successful adult children.
Combined net worth: ~$10 million | Liquid assets: $2 million
Goal: Maximize estate transfer to their four adult children while avoiding becoming a financial burden on them.
Lee and Suzanne purchased a single-pay long-term care insurance policy for $346,000.
| Single-premium paid | $346,000 |
| Immediate cash surrender value | $118,916 |
| Effective net cost | $227,448 total ($113,724 per person) |
| Monthly LTC benefit | $24,000/month ($12,000 per person) |
| Annual LTC benefit | $288,000/year |
| Coverage duration | Lifetime |
| Death benefit if LTC never used | $400,000 (upon second insured's death) |
| Net gain if LTC never used | $56,636 over the initial investment |
This approach delivers substantial LTC coverage at relatively modest expense while offering a death benefit refund exceeding the original cost if the benefit remains unused.
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