Self-Insuring vs. LTC Insurance Analysis Worksheet
"Self-insuring" for long-term care means relying on your own savings and portfolio to pay for care if needed, rather than purchasing an insurance policy. For some people it's the right call. For others, it's an assumption that deserves much harder scrutiny. This worksheet helps you run the numbers o
🤝Long-Term Care"Self-insuring" for long-term care means relying on your own savings and portfolio to pay for care if needed, rather than purchasing an insurance policy. For some people it's the right call. For others, it's an assumption that deserves much harder scrutiny. This worksheet helps you run the numbers on both approaches side by side.
Step 1: Estimate Your Potential LTC Costs
Step 2: Self-Insurance Feasibility
Step 3: LTC Insurance Cost Analysis
Step 4: Break-Even Analysis
Step 5: Decision
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