Long-Term Care Insurance Cost Estimator
Average annual premium varies sharply with age at issue — buying earlier is much cheaper.
Result
Estimated annual premium
$3,300
≈ $275/mo. Lifetime max benefit: $219,000.
- Age at issue55
- GenderFemale
- Daily benefit$200
- Benefit period3 years
- Estimated annual$3,300
- Lifetime max$219,000
Step-by-step
- Base at age 55, $200/day, 3 years: $3,300 (F).
- Age factor: 1.07^(age−55) = 1.000. Benefit factor: 1.00. Years factor: 1.25^(3−3) = 1.000.
- Annual = 3300 × 1.000 × 1.00 × 1.000 = $3,300.
How to use this calculator
- Enter age you'd buy at (or current age if buying now).
- Pick daily benefit ($200 covers most US nursing homes today).
- Pick benefit period.
About this calculator
LTC insurance covers nursing home, assisted living, or home care. Premiums rise sharply with age at issue (every year of delay adds ~7%). Women pay 30-50% more because they live longer and need care longer. The 3-year benefit period covers the median nursing-home stay; longer periods get expensive fast.
Frequently asked
Industry says ages 55-65 — old enough to want it, young enough to qualify. Earlier is cheaper but ties up money longer.
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