Long Term Care Insurance Calculator
Estimate Your Insurance Premiums Instantly with our Long Term Care Insurance Calculator
Long-term care expenses can devastate a retirement plan — but LTC insurance can help cover those costs, protect your savings, and give your family peace of mind. Our Long Term Care Insurance Calculator helps you make informed decision.
If you’re considering long-term care coverage, the first question is usually: “How much will it cost me?”
Use the simple tool below to estimate your monthly premiums based on your age, gender, marital status, benefit amount, benefit duration, and inflation protection. These are not formal quotes — they’re ballpark estimates based on current industry averages, adjusted for inflation and health trends.
Step 1: Submit Your Info
What Affects the Cost of Long-Term Care Insurance?
Long-term care premiums vary widely based on age, gender, benefit options, and inflation protection. Here’s what to keep in mind:
- Age: The younger you are when you apply, the lower your premiums will be — especially before age 65.
- Gender: Women typically pay more because they live longer and are more likely to file LTC claims.
- Benefit Amount: Higher monthly benefits (like $5,000 or $10,000/month) increase cost.
- Benefit Duration: Policies can last 2 to 9 years. The longer the duration, the higher the premium.
- Inflation Protection: Adding 3% compound inflation grows your benefit over time — but also increases cost by 30–100%.
How We Help You Find the Right Coverage
At Diversified Insurance Brokers, we work with over 75 top-rated insurance carriers nationwide. We’re independent — which means we don’t push one company or one product. Instead, we help you compare traditional LTC plans, hybrid life + LTC options, shared care plans, and tax-advantaged strategies to fit your goals and budget.
Our team has helped thousands of families plan for the unexpected and preserve their retirement savings. We’re family-owned, licensed in all 50 states, and committed to helping you make informed, pressure-free decisions.
Need Help Choosing the Right Policy?
This calculator is a great first step — but it’s just that. Your personal health history, income, asset protection goals, and family dynamics all play a role in finding the right policy.
If you’d like personalized guidance or help comparing quotes, contact us today. There’s no cost, no pressure, and no obligation.
FAQs: Long-Term Care Insurance Calculator
What does this calculator estimate?
This calculator estimates how much long-term care insurance coverage you might need, what your premiums might be, or how much benefit pool you should plan for based on your age, location, benefit amount, policy length, waiting period, and inflation.
What inputs are required?
Typical inputs include your current age; the monthly or daily benefit amount desired; how long you want benefits to last (benefit period); the waiting or elimination period before benefits begin; inflation protection; and where you live (region) or the cost of care locally.
How does age affect the estimate?
The older you are when applying, the higher your premiums will be. Younger ages tend to give lower premiums for the same benefit amount because risk is lower and the insurance company expects fewer years of usage.
What is a waiting (elimination) period?
It's the time you must wait before your policy begins paying benefits once you meet the policy’s trigger (such as needing help with daily activities). Longer waiting periods usually reduce the premium cost.
Why should I include inflation protection?
Because costs for long-term care tend to rise over time. Inflation protection helps ensure that the benefit keeps up with rising costs, so you’re not underinsured in later years—but it increases the premium.
Do I need local cost data?
Yes. Costs for care (home health, assisted living, nursing facilities) vary a lot by geography. Using local or regional cost inputs leads to more accurate estimates of what coverage you'd actually need.
What’s a benefit period?
The benefit period (or duration) is how long the policy will pay benefits once you start needing care. It could be a fixed number of years (e.g., 3, 5, or 10 years) or lifetimes or until a maximum pool of money is used up.
How accurate are the estimates?
These estimates are rough starting points. Actual policy quotes depend on full underwriting, health status, policy specifics, and insurer pricing. Always review available policies for detailed terms.
Can I change the inputs to see different scenarios?
Yes. Adjusting inputs such as benefit size, waiting period, or inflation protection can show how those choices affect premium estimates. It helps you decide what trade-offs you're comfortable with.
When is the best time to run this calculator?
As early as possible, ideally before health issues arise. Running it in your 40s or 50s gives you more options and lower premium costs. Also run it when major life events or health changes occur to update your plan.
Talk With an Advisor Today
Choose how you’d like to connect—call or message us, then book a time that works for you.
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Licensed in all 50 states • Fiduciary, family-owned since 1980
