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 $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.)

$
 
   
   
Berrin Management Group., LLC
Berrin Management Group, LLC
Suite 160
Boca Raton, FL 33431
Phone: 561-241-4485
Fax: 561-392-5751
rberrin@wsfg.com
www.berrinmanagementgroup.com

Map & Directions


 


 


Berrin Management Group, LLC
275 Madison Avenue
6th Floor
New York, NY 10016
Phone: 646-308-1530
sberrin@wsfg.com

Map & Directions

Securities and advisory services offered through Wall Street Financial Group, Inc. (WSFG), Registered Investment Advisor, Member FINRA/SIPC. WSFG may only transact business in those states and international jurisdictions where we are registered/filed notice or otherwise excluded or exempted from registration requirements. Any communications with prospective clients residing in international jurisdictions where WSFG and its registered representatives are not registered or licensed shall be limited so as not to trigger registration or licensing requirements.  Securities services from Robert Berrin may not be provided to individuals residing in any states other than FL, GA, and NY.  Advisory services from Robert Berrin may not be provided to individuals residing in any states other than FL and NY.   Insurance services from Robert Berrin may not be provided to individuals residing in any states other than FL, and NY.  Health and other non-variable insurance products, estate planning and charitable giving are not offered through WSFG. Information provided should not be construed as legal or tax advice; you should speak with an attorney or tax advisor. For information on financial calculators please visit: http://apps.finra.org/investor_Information/Tools/Calculators/calc_disclaimer.asp (if you cannot access this link, please copy and paste into your browser).

 

Securities and advisory services offered through Wall Street Financial Group, Inc. (WSFG), Registered Investment Advisor, Member FINRA/SIPC. WSFG may only transact business in those states and international jurisdictions where we are registered/filed notice or otherwise excluded or exempted from registration requirements. Any communications with prospective clients residing in international jurisdictions where WSFG and its registered representatives are not registered or licensed shall be limited so as not to trigger registration or licensing requirements.  Securities services from Stuart Berrin may not be provided to individuals residing in any states other than FL, NJ, CT and NY.  Advisory services from Stuart Berrin may not be provided to individuals residing in any states other than FL, NJ, CT,  and NY.   Insurance services from Stuart Berrin may not be provided to individuals residing in any states other than FL, NJ, CT and NY.  Health and other non-variable insurance products, estate planning and charitable giving are not offered through WSFG. Information provided should not be construed as legal or tax advice; you should speak with an attorney or tax advisor. For information on financial calculators please visit: http://apps.finra.org/investor_Information/Tools/Calculators/calc_disclaimer.asp (if you cannot access this link, please copy and paste into your browser).

 

WSFG did not assist in the preparation of this material, and while it is believed to be from a reliable source, its accuracy and completeness are not guaranteed. Opinions expressed are those of the author and are not necessarily those of WSFG. The material has been prepared or is distributed solely for informational purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. WSFG is not responsible for information contained in websites or literature referenced herein. WSFG, Berrin Management Group and all other companies listed herein are separate entities, individually owned and operated.