Long-Term Care PlannerLong-term care is needed by those who can't perform the basic tasks required to take care of themselves, including people suffering from a debilitating illness or chronic injury. The need for long-term care can arise unexpectedly and create a large financial burden.
Description of Terms
Estimated Daily CostThis is your current estimated cost of long-term care. The national average is currently about $160 per day in a nursing home, but can be higher or lower depending on a variety of factors, including your specific medical requirements and where you live. This amount is adjusted annually by the calculator to account for inflation.
Years of Long-term CareThe number of years you expect to require long-term care. The average stay in a nursing home is about 2.5 years, but can vary considerably.
Inflation RateWhat you expect for the average long-term inflation rate.
Funds Currently AvailableThe total amount that you have saved or invested that would be available to pay for long-term care expenses.
Insurance products offered through UnionBanc Insurance Services (CA Insurance License #0817733), a division and dba of MUFG Union Bank, N.A. having a California domicile and principal place of business at 1201 Camino Del Mar, Suite 200, Del Mar, CA 92014:
Are NOT insured by the FDIC or by any other federal government agency