Calculate Long-Term Care Expenses : Long-Term Care Planning : Own Your Future

Now that you have started thinking about your long-term plan, it’s time to consider how you might pay for it.

Use the calculator below to explore how various combinations and levels of financial resources could help you pay for your long-term care. Of course this calculator is for guidance only—it can’t provide all the answers—so it’s always a good idea to consult with a financial planning professional, if possible. Here are some useful tips for using this calculator:

You may want to consider entering 0% or a low percentage for your life insurance policy and/or annuity contracts' interest/appreciation rate since not all policies or possible related long-term care benefits will increase in value. Be sure to review your life insurance policy and/or annuity contract for specifics.
You may be able to use your life insurance policy for long-term care in the form of an accelerated death benefit, life settlement, or viatical settlement. Review your policy for specifics.

	What is your current age?	Gender?	At what age do you expect to start needing long-term care?
Your information

	Anticipated resources available for long-term care expenses
	Today’s value	Additional annual contributions, if applicable	Yearly interest or appreciation rate, if applicable	Percent available for long-term care expenses	Anticipated total amount available for long-term care expenses
Personal Savings	$	$
Life Insurance Benefit	$	$
Annuity Contracts	$	$
Home Equity	$	$
Other Funding Source	$	$
Other Funding Source	$	$

Clear All Data

Calculations are based on:

Annually compounded interest and appreciation rates.
Adjustment for future value inflation rate of 4% compounded annually.
Texas state averages for long-term care costs and typical usage needs.

Planning for long-term care expenses.