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.)

$
 
   
   
The Capital Advisory Group, LLC. | (952) 831-8243
DANVERS, MA OFFICE:
150A Andover Street, Suite 2
Danvers, MA 01923
Office: (978) 777-6554

BLOOMINGTON, MN OFFICE:
5270 West 84th St. Suite #310
Bloomington, MN 55437
Phone: (952) 831-8243
Toll Free: 1-800-548-1820
Fax: (952) 400-4900

MAPLE GROVE, MN OFFICE:
11330 86th Ave North
Maple Grove, MN 55369-4528
Office: (952) 541-9201
Fax: (952) 400-4900

SANDESTIN, FL OFFICE:
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Sandestin, FL 32550
Phone: (800) 548-1820
Fax: (850) 650-0802
• bmachtig@investorscapital.com

Securities offered through Investors Capital Corporation Member FINRA/SIPC. Advisory Services offered through The Capital Advisory Group Advisory Services, LLC, an Independent Registered Investment Advisor, not affiliated with Investors Capital Corporation, 5270 West 84th Street, Suite 310, Bloomington, MN 55437. The information presented herein should not be considered an offer to buy or sell securities. Such offer to buy or sell securities may only be made by prospectus in those jurisdictions in which the product and representative are appropriately registered.

The Capital Advisory Group, LLC and/or other advisors at The Capital Advisory Group, LLC are securities licensed in the following states: AL, CA, CO, CT, FL, GA, IA, IL, IN, KY, LA, MA, MD, MN, MO, NC, ND, NJ, NM, NY, OR, PA, RI, SD, TN, TX, VT, WA, WI.