Long-term care insurance that can be paid in a lump sum (single premium) primarily includes hybrid long-term care insurance policies. These plans combine life insurance with long-term care benefits and often offer flexible payment options, including a single lump-sum payment, 5-year pay, 10-year pay, or lifetime annual payments14.

Key points about lump-sum payment options for long-term care insurance:

• Hybrid LTC policies commonly allow a single lump-sum premium payment, making them popular among those with accumulated assets who want to avoid ongoing premium payments4.

• Paying in a lump sum often results in coverage that can be as much as twice the face value of the policy, providing strong benefits for long-term care1.

• Traditional stand-alone LTC insurance policies sometimes offer a “single pay plan” option as well, but lump-sum payment is more typical and less costly to maintain in hybrid plans23.

• Lump-sum payments provide predictability, as hybrid LTC policies usually have guaranteed premiums, meaning the premium won't increase over time4.

• Hybrid policies may provide both LTC benefits if care is needed and a life insurance death benefit if not, maximizing the value of the premium paid upfront34.

In summary, if you want to pay a single lump-sum premium for long-term care insurance, your best known option is a hybrid life insurance/long-term care insurance policy that allows this form of payment with guaranteed premiums and combined benefits. Traditional LTC policies may also offer single pay options but are less common and typically require ongoing premium payments1234.