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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Ron Courser & Associates
2020 Raybrook St. SE,
Suite 205
 • Grand Rapids, MI • 49546
Phone: 616-301-2581 or 1-866-424-6284 • Fax: 616-301-2593
• lgibson@roncourser.com

Securities offered through Kalos Capital, Inc. and Investment Advisory Services offered through Kalos Management, Inc., both at 3780 Mansell Rd. Suite 150, Alpharetta, GA 30022, (678) 356-1100. Ron Courser & Associates is not an affiliate or subsidiary of Kalos Capital, Inc. or Kalos Management, Inc.

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

Ed Slott & Company has no affiliation with Kalos Capital, Inc. or Kalos Management, Inc. Neither Kalos Capital nor Kalos Management make any endorsements or opinions about the coursework required to become a member of the Ed Slott Elite Advisor Group and as such cannot guarantee the accuracy or completeness therein.

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