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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Schamerhorn Financial Group | Consultative Advice | Life Insurance | Retirement | Life Planning | Mortgage Protection
11200 Broadway, Suite 2743 • Pearland, TX • 77584
Phone: (281) 486-9700 • Fax: (832) 895-6406

David Schamerhorn, S. Todd Harris and J.R. Tijerina are Registered Representatives of and offers securities products & services through Royal Alliance Associates, Inc. Member FINRA/SIPC, a registered broker-dealer. Schamerhorn Financial Group is not affiliated with Royal Alliance Associates or registered as a broker dealer or investment advisor. In this regard, this communication is strictly intended for individuals residing in the states of Alabama, Arkansas, Arizona, California, Georgia, Louisianna, Mississippi, Missouri, New Jersey, New York, New Mexico, North Carolina, Oregon, Pennsylvania, Tennessee, Texas, Washington and West Virgina. No offers may be made or accepted from any resident outside the specific state(s) referenced.

David L. Schamerhorn; Advisory services offered through Royal Alliance Associates, Inc., a Registered Investment Advisor.

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