Sb1 Federal Credit Union - Long-Term Care Self Insurance : Calculator: 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 $209 according to the 2009 Field Guide, Nation 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 $250.)	^$

Investment products and advisory services offered through CUSO Financial Services L.P. (CFS), a registered Broker-dealer and SEC Registered Investment Advisor. Investment products are not NCUA/NCUSIF or federally insured, are not obligations of the credit union, are not guaranteed by the credit union or any affiliated entity, and involve investment risk including the possible loss of principal. Investment Representatives are employees of Sb1 Federal Credit Union and registered through CFS (member FINRA/SIPC).