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 $206 according to the 2011 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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Genworth Financial Securities Corp.
1 Centerpointe Drive, Suite 440 • La Palma, CA • 90623
Phone: 714 329 5022 • Fax: 714 522 8825
• dwight.nakata@genworthrr.com

Investment and insurance products distributed by Genworth Financial Securities Corp., member FINRA/SIPC and a licensed insurance agency (dba Genworth Financial Securities and Insurance Services in CA); investment advisory services are offered through Genworth Financial Advisers Corp., an SEC Registered Investment Adviser. Home offices at 200 N. Martingale Rd., Schaumburg, IL 60173; phone 888 528.2987.



YNCPAs is not affiliated with Genworth Financial Securities Corp. or Genworth Financial Advisers Corp.



Accounting and tax services are offered solely through YNCPAs which is not affiliated with Genworth Financial Securities Corp. or Genworth Financial Advisers Corp.



This is not a solicitation for sale of securities in any jurisdiction.



The registered representative(s) or investment adviser representative(s) referred to on this site may only transact business, effect transactions in securities, or render personalized investment advice for compensation, in compliance with state registration requirements, or an applicable exemption or exclusion. Following are the states in which Dwight Nakata, CPA,CFP(R) is licensed: California, New York, Iowa.  Dwight Nakata, CPA, CFP(R), (CA License Insurance # 0C87485).