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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Towers Wealth Management, Inc.
17910-B Cottonwood Drive • Parker, CO • 80134
Phone: 303-693-1234 • Fax: 303-693-8007
• towerstax@towerstax.com

*Deborah A. Towers is a registered representative registered to transact business with clients in the state of Colorado, California, Florida, Massachusetts, New York, North Carolina and Washington.  Deborah A. Towers is also an investment advisor representative licensed in the state of Colorado, California, Florida, North Carolina and Massachusetts.  Deborah A. Towers is insurance licensed in the state of Colorado.  If you are not a resident of the states noted above, all investment-related information on this site is for informational purposes only and does not constitute a solicitation or offer to sell securities, investment advisory services or insurance services over the internet.  Securities offered through H.D. Vest Investment ServicesSM, Advisory Services offered through H.D. Vest Advisory ServicesSM, Member:  SIPC, .



Gale Hatley is a registered representative registered to transact business with clients in the state of Colorado.  If you are not a resident of the state noted above, all investment-related information on this site is for informational purposes only and does not constitute a solicitation or offer to sell securities or insurance services over the internet.  Securities offered through H.D. Vest Investment ServicesSM, Member:  SIPC.  

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Certified Senior Advisros (CSA) have supplemented their individual professional licenses, credentials and education with knowledge about aging and working with seniors.  Know what those licenses, credentials and education signify.  The CSA designation alone does not imply expertise in financial, health, or social matters.

Towers Wealth Management, Inc. is not a registered broker/dealer or independent investment advisory firm and can not directly offer investment advice or services.