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 $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.)

$
 
   
   
Oring & Co.

118 Wall Street
Princeton, NJ 08540
Map and Directions


33 S. Delaware Ave
Suite 101A
Yardley, PA 19067
Map and Directions

roring@oringco.com

Contact Form

Phone: (609) 759-3015

Fax: (609) 759-3018

Richard K. Oring are Registered Representatives of and offer securities products & services through Royal Alliance Associates, Inc. Member FINRA/SIPC, a registered broker-dealer.  In this regard, this communication is strictly intended for individuals residing in all 50 states.
Richard K. Oring is Licensed in all 50 states.

Richard K. Oring are also separately registered as investment advisor representatives under New Century Financial Group, LLC, a Registered Investment Advisor registered with the Securities and Exchange Commission. As such, these services are strictly intended for individuals residing in all 50 states. Richard K. Oring is licensed in all 50 states.

Branch Office 118 Wall Street, Princeton NJ 08540  Phone: (609) 924-2049
 
IMPORTANT CONSUMER INFORMATION:
 
A broker-dealer, investment adviser, BD agent, or IA rep may only transact business in a state if first registered, or is excluded or exempt from state broker-dealer, investment adviser, BD agent or IA rep registration requirements, as appropriate.  Follow-up, individualized responses to persons in a state by such a firm or individual that involve either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made without first complying with appropriate registration requirement, or an applicable exemption or exclusion.
 
For information concerning the licensing status or disciplinary history of broker-dealer, investment adviser, BD agent, or IA rep, a consumer should contact his or her state securities law administrator