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 $213 according to the 2012 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.)

$
 
   
   
Mike Schwartz, www.wealthmastersinc.net
6635 So. Dayton St., Suite 300 • Greenwood Village, CO • 80111
Phone: 303-290-8600 Outside Colorado, 800-579-6888 • Fax: 303-713-9371
• michael.schwartz@multifin.com

Securities and advisory services offered through Multi-Financial Securities Corporation, member FINRA, SIPC.

We are licensed to sell Insurance Products in the following states: 

Alaska, Arkansas, Arizona, California, Colorado, Florida, Iowa, Illinois, Indiana, Kansas, Michigan, Missouri, Nevada, Ohio, Oklahoma, Oregon and Wisconsin


 


We are registered to sell Securities in the following states:

Arkansas, Arizona, California, Colorado, Connecticut, Florida, Illinois, Kansas, Maryland, Missouri, Ohio, Oregon, Utah, Virginia, Washington and Wisconsin


 


Wealth Masters, Inc. is not affiliated with Multi-Financial Securities Corporation

The registered representative(s) and/or investment adviser representative(s) listed on this website are licensed and registered in the following states:

We are licensed to sell Insurance Products in AK,AR,AZ,CA,CO,FL,IA,IL,IN,KS,MI,MO,NV,OH,OK,OR,WI.

We are registered to sell Securities in AR,AZ,CA,CO,CT,FL,IL,KS,MD,MO,OH,OR,UT,VA,WA,WI.

[ Online Privacy Policy | Important Disclosures | Privacy Promise | Order Routing Disclosure ]