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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Wells Fargo Advisors
Two International Place 20th Floor • Boston, MA • 02110
Phone: 617-330-2703 • Fax: 617-330-2750
• scott.finlay@wfadvisors.com

The Finlay Group of Wells Fargo Advisors

This information is intended for use only by residents of (AL, AZ, CA, CO, CT, DE, FL, GA, ID, IL, MA, MD, ME, MI, MN, MO, NC, NH, NJ, NY, OH, OK, PA, RI, SC, TN, TX, VA, VT, WA). Securities-related services may not be provided to individuals residing in any state not listed above.
Please consult with the FA as s/he may not be registered in all states. Insurance-related services may not be provided to individuals residing in any states other than (MA).

Investments in securities and insurance products:

  ARE NOT FDIC-INSURED ARE NOT BANK-GUARANTEED MAY LOSE VALUE  

 

Investment products and services are offered through Wells Fargo Advisors, LLC. Wells Fargo Advisors is the trade name used by two separate registered broker-dealers: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, non-bank affiliates of Wells Fargo & Company.

©2011 Wells Fargo Advisors. All rights reserved.

With respect to Envision® information, ©2001-2011 Wells Fargo Advisors, LLC, Financeware, Inc. and Wealthcare Capital Management IP, LLC, elements of the presentation and simulation results are under license from Financeware, Inc. & Wealthcare Capital Management IP, LLC – U.S. Patents 7,562,040, 7,650,303, 7,765,138 and 7,991,675 - Other U.S. and international patents pending. All Rights Reserved. Financeware, Inc.& Wealthcare Capital Management IP, LLC are separate entities and are not directly affiliated with Wells Fargo Advisors, LLC.

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