Long Term Care Insurance Calculator

*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? %
(At least 5% is suggested for calculations.)

*What is the current daily cost of a nursing/long-term care facility in your area?
(The current averate daily nursing home cost nationwide is $209 according to the 2009 Field Guide, Nation Underwriter, but in some areas of the country the amount can easily exceed $250.)

Your results:

Based on your answers, the average daily cost when care is needed will be:

Monthly, this works out to:

Total estimated cost if you need long term care for 1 year:

Total estimated cost if you need long term care for 5 years:

Total estimated cost if you need long term care for 10 year:

Retirement Calculator

Here's a quick way to figure out a percentage of your pay you may need to save in order to generate 85% of your pre-retirement income at retirement.

*Enter your current annual gross income.

*Enter your total current investments, including your savings in the retirement plan.

*How many years before you retire?

Your results:

Retirement income goal:

Annual retirement income:

Future retirement income:

Retirement goal:

Value of current investments at retirement:

Retirement savings shortfall:

Annual savings goal:

Percentage of your pay you need to save:

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Click on the blue boxes above to use our online calculators:

Financial Calculators

Now a Higginbotham Company – Please go to http://www.higginbotham.net/arlington-0

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