Long-Term Care Self Insurance  

Nobody wants to think about the possibility of needing long-term care. But if, somewhere down the line, you and/or your spouse do need assistance, will you have the funds available to pay for care? How much will an extended stay in a nursing facility or care received in your own home cost? Will you be able to meet this cost and still pay your and/or your spouse’s personal living expenses? Will there be enough left over to provide an inheritance for your loved ones or your favorite charity? Does it make sense to self-insure when private long-term care coverage is available? This calculator will assist you in answering these questions.

     

What is your current age?

At what age do you want to assume that you begin to use long-term-care services?

What inflation rate for long-term-care services do you wish to assume?

%

What is the current daily cost of a nursing/long-term care facility in your area?
(The current average daily nursing home cost nationwide is $206 according to the 2011 Field Guide, National Underwriter, but in some areas of the country, and/or for a private room at a high-quality facility, the daily amount can easily exceed $300.)

$
 
   
   
Colorado Financial Advisors- Financial Stewards LLC 970 - 672 2111 Financial Advisor in Fort Collins Colorado
37086 Soaring Eagle Court • Windsor, CO • 80550
Phone: 970 - 672 2111 (direct)
970 - 310 7783 (cell)		 • Fax: 970 - 797 9129
• henryho@financialstewardsllc.com

Advisory services offered through Financial Stewards, LLC, a Colorado Registered Investment Advisor (RIA).  Securities traded through Liberty Partners Financial Services, LLC, Member FINRA, SIPC.   Liberty Partners Financial Services, LLC and Financial Stewards, LLC are not affiliated.