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.)

$
 
   
   
DERRICK FINANCIAL GROUP - Insurance, Investments, Financial Services
1831 Forest Dr Suite K • Annapolis, MD • 21401
Phone: 301-261-1595 or 410-263-9708 • Fax: 410-263-2709
• charles_l_derrick@glic.com

Charles Richard Derrick, Registered Representatives of Park Avenue Securities, LLC (PAS).  Securities products and services are offered through PAS, 954 Ridgebrook Road, Suite 300, Sparks, Md.  21152, 410-828-5400.  Field Representatives, The Guardian Life Insurance Company of America, New York, New York.  PAS is an indirect, wholly-owned subsidiary of Guardian.  Derrick Financial Group is not an affiliate or subsidiary of PAS or Guardian. 

Stephen Lee Derrick and Charles Lee Derrick, Registered Representatives and Financial Advisors of Park Avenue Securities, LLC (PAS).  Securities products/services and advisory services are offered through PAS, a registered broker-dealer and investment advisor, 954 Ridgebrook Road, Suite 300, Sparks, Md.  21152, 410-828-5400.  Field Representatives, The Guardian Life Insurance Company of America, New York, New York.  PAS is an indirect, wholly-owned subsidiary of Guardian.  Derrick Financial Group is not an affiliate or subsidiary of PAS or Guardian. 

PAS is a member FINRA, SIPC.

The information on this site is intended for the residents of DC, KY, MA, MD, ME, NC, PA, and VA.  The financial representatives of Derrick Financial Group are not licensed to sell insurance in all 50 states.  To find out if an agent is licensed in your state, please contact Lee Derrick at 410-263-9708.

Registered Representatives securities licensed in DC, KY, MA, MD, ME, NC, PA, and VA.  This website is strictly intended for individuals residing in those states.  No offers may be made or accepted from any resident outside these specified states.

 

Neither Guardian, nor its subsidiaries, agents or employees provide tax or legal advice.  You should consult your tax or legal advisor regarding your individual situation.

 

The Living Balance Sheet ® and the Living Balance Sheet ® Logo are registered trademark of The Guardian Life Insurance Company of America (Guardian), New York, NY.  The graphics and text used herein are the exclusive property of Guardian and are protected under U.S. and International copyright laws.

Copyright 2005-2011, The Guardian Life Insurance Company of America.

The information or opinions contained in this Internet site should not be construed by any consumer and/or prospective client as an offer to sell or the solicitation of an offer to buy any particular investment product. The information contained herein is directed solely to those individuals who reside in jurisdictions in which the representative is registered in the state where the consumer and/or prospective client reside. Any subsequent direct communication with a consumer and/or prospective client shall only be conducted by a representative that is registered in the state where the consumer and/or prospective client reside.

Privacy Policy