Long-Term Care Insurance Calculator

Premium and benefit analysis from age and health.

Current Age

Daily Benefit Amount ($)

Benefit Period (years)

Elimination Period (days)

Health Status

Inflation Protection

Gender

Married/Partner Discount

Tab to move between fields

Estimated Annual Premium

$3,720.00

≈ 4 smartphones

Monthly Premium$310.00

Maximum Benefit Pool$219,000.00

Break-Even (years of premiums)58.9

Total Premiums Until Likely Claim$100,440.00

Self-Insurance Target$631,458.00

How to Use This Calculator

Enter current age and select daily benefit amount ($) (typical: $150-$300/day).
Set benefit period (years) (2, 3, 5, or unlimited) and elimination period (days) (30, 60, 90, or 180).
Select health status (excellent, good, fair) -- poor health may result in declined coverage.
Review estimated annual and monthly premium, maximum benefit pool ($), and break-even years of care.
Purchase before age 65 -- premiums increase significantly with age and health conditions.

How the result changes with Current Age

Current Age: Your current age. Premiums increase significantly with age.
Daily Benefit Amount ($): Daily benefit amount the policy would pay. National avg nursing home cost ~$300/day.
Benefit Period (years): How many years benefits will be paid. Average LTC stay is ~2.5 years.
Elimination Period (days): Waiting period before benefits start. Longer = lower premiums. 90 days is most common.
Health Status: 0 = Preferred (excellent health), 1 = Standard, 2 = Substandard.
Inflation Protection: 0 = None, 1 = 3% simple, 2 = 3% compound, 3 = 5% compound.
Gender: 0 = Male, 1 = Female. Women pay ~50% more due to higher utilization rates.
Married/Partner Discount: 1 = Apply couples discount (~25% off), 0 = Single rate.

Estimated Annual Premium: Estimated yearly premium based on your profile.
Monthly Premium: Monthly equivalent of the annual premium.
Maximum Benefit Pool: Total amount the policy would pay over the full benefit period.
Break-Even (years of premiums): Number of years of premiums that equal the total benefit pool.
Total Premiums Until Likely Claim: Estimated total premiums paid before likely needing care (age ~82).
Self-Insurance Target: Amount you would need saved to self-insure, accounting for care cost inflation.

Identify Input Parameters
4 parameters
Current Age = 55, Daily Benefit Amount ($) = 200, Benefit Period (years) = 3, Elimination Period (days) = 90 = 8 input(s) provided
Calculate Estimated Annual Premium
Estimated Annual Premium = basePremiumPer100 * (dailyBenefit / 100)
3720 = $3,720
Calculate Monthly Premium
Monthly Premium = annualPremium / 12
310 = $310
Calculate Maximum Benefit Pool
Maximum Benefit Pool = dailyBenefit * 365 * benefitPeriodYears
219000 = $219,000