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?

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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.)

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Financial House
5818 Kennett Pike • Centreville, DE • 19807
Phone: (302) 654-5451 • Fax: (302) 654-5847
• info@financialhouse.com

Advisory services offered to residents of DE & PA through representatives of  Financial House, a registered investment advisor. Investments offered through representatives of Lincoln Financial Securities Corporation, Member SIPC to residents of CA, CO, DC, DE, FL, GA, IL, KY,LA, MA, ME, NC, NJ, NM, NV, NY OH, PA, RI, SC, TX, VA, and WA. Lincoln Financial Securities Corporation and Financial House are not affiliated.