Current Age
|
LTC Costs for 5-years
@ age 75
|
Self-insured Additional annual savings required earning net-rate of return @ 7%
|
Vs.
|
Risk-transfer
LTC Insurance
(approx.)
|
50
|
$865,000, or $173,000 per year
|
$11,800
|
Vs.
|
$1,200
|
Spouse
47
|
$1,002,000, or
$200,000 per year
|
$10,700
|
Vs.
|
$1,000
|
Current Age
|
LTC Costs for 5-years
@ age 80
|
Self-insured Additional annual savings required earning net-rate of return @ 7%
|
Vs.
|
Risk-transfer
LTC Insurance
(approx.)
|
65
|
$506,000, or $101,000 per year
|
$18,800
|
Vs.
|
$1,900
|
Spouse
62
|
$586,000, or
$117,000 per year
|
$16,000
|
Vs.
|
$1,600
|