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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Ohio Financial, Anastasakis & Associates
7976 Broadview Rd., Suite 109 • Broadview Heights, OH • 44147
Phone: (440) 746-1600 • Fax: (440) 746-1604
• george@ohiofinancial.net

Securities offered through J.W. Cole Financial, Inc., Member FINRA/SIPC. Investment Advisory Services offered through Cornerstone Asset Management Services, Inc., a Registered Investment Advisor.  Ohio Financial, Anastasakis & Associates and CAMS are independent of J.W. Cole Financial, Inc.

 

Registered Representatives of J.W. Cole Financial, Inc. whose identities and associations with Ohio Financial, Anastasakis & Associates and CAMS are disclosed on this site, may only conduct business with residents of the states and/or jurisdictions for which they are properly registered.  Therefore, a response to a request for information may be delayed.  No information provided on this site is intended to constitute an offer to sell or a solicitation of an offer to buy shares of any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer, solicitation, purchase, or sale would be unlawful under securities laws of such jurisdictions.  Please note that not all of the investments and services mentioned may be available in every state. 

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