Long-Term Care PlannerLong-term care is needed by those individuals who are unable to perform the basic tasks required to take care of themselves. This includes not only those who are elderly, but also individuals who may be suffering from a debilitating illness or chronic injury. The need for long-term care can arise unexpectedly at any age and can potentially 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 and annuity 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 208, Del Mar, CA 92014, and in conjunction with UnionBanc Investment Services LLC, a registered broker-dealer, investment advisor, member FINRA/SIPC, and subsidiary of MUFG Union Bank, N.A.:
Are NOT insured by the FDIC or by any other federal government agency