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 $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.)

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David S. Lopez Financial Advisor - Royal Alliance
30110 Crown Valley Parkway Suite 208 • Laguna Niguel, CA • 92677
Phone: 949-542-3316 • Fax: 949-613-7358
• davidlopez@royalaa.com

David S Lopez is a Registered Representative of and offers securities products & services through Royal Alliance Associates, Inc. Member FINRA/SIPC, a registered broker-dealer. In this regard, this communication is strictly intended for individuals residing in the states of California, Oregon, Montana, Washington, Nevada, Arizona, Hawaii, Michigan, Colorado and New York.  No offers may be made or accepted from any resident outside the specific states referenced.  David S. Lopez  is also separately registered as an investment advisor representative under WealthCare Alliance, a registered investment advisor, not affiliated with Royal Alliance Associates Inc., offering advisory services in the state of California and Oregon. As such, these services are strictly intended for individuals residing in Calfirornia and Oregon. Advisory services also offered through Royal Alliance Associates, Inc., a Registered Investment Advisor.