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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Bridge Valley Financial Services, LLC.
PO Box 383 • Furlong, PA • 18925
Phone: 215-598-9460 • Fax: 215-598-9462
• ADUTTON@NEWBRIDGESECURITIES.COM

 

Disclosure Statements:

Securities offered through Newbridge Securities Corporation. Austin Dutton  is an Investment Advisor Representative with Newbridge Financial Services Group, Inc., the Investment Advisory Division of Newbridge Securities Corporation, an SEC Registered Investment Advisor and Broker Dealer, Member: FINRA/SIPC. Investment Advice and Securities are offered through Newbridge Securities Corporation. This website should not be deemed as an offer or solicitation in states where the investment advisor representative is not registered to provide services. Specific recommendations can only be based on review of client’s individual investment objectives upon request and with client’s review of appropriate offering documents. Prior performance is no guarantee of future results.

Legent Clearing is a member of the Securities Investor Protection Corporation (SIPC), which provides coverage for accounts up to $500,000 (including up to $100,000 in cash), per client as defined by SIPC rules.  Legent Clearing policy through Lloyd’s of London provides additional account coverage up to $24.5 million (including up to $900,000 in cash) per client as defined by SIPC rules.  With both SIPC and Lloyd’s of London coverage, accounts are protected up to a total of $25 million per client (as defined by SIPC rules) including $1 million for cash balances.  This coverage does not protect against loss of market value of securities.

Dorsey Wright & Associates is an independent and privately owned registered investment advisory firm providing subscription only research.  The foundation of all services from DWA is based on the Point & Figure method of technical analysis. DWA is a world leader in supplying technical research services to the financial services industry.  DWA is not affiliated with Newbridge Securities or Legent Clearing.

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