A lot of my clients who purchase a single-pay policy do it for two reasons:
1) They don't want to have to worry about premium increases, and
2) They are getting such miserably low interest on their CD's, it makes sense to use some of that money towards a long-term care policy.
A $50,000 C.D., at current interest rates (after taxes), probably won't be worth much more than $70,000 20 years from now.
Why not buy $500,000+ worth of LTCi benefits, rather than have the $50K languishing in a C.D.?
Scott A. Olson