Patent ID: 7328183

Claim:
A computer program product having embodied thereon machine readable and machine executable software, comprising: a storage routine adapted and configured to store, in a storage device, user-controlled data indicative of a hypothetical scenario of future long-term care costs and of one of a plurality of long-term care insurance options; a first process routine adapted and configured for using the stored data to determine an insured economic impact of the long-term care costs on personal assets, the first process routine including calculations to account for hypothetical tax consequences resulting from a sale of a portion of a first portion of the personal assets to pay the long-term care costs and calculations to account for periodic premium payments and monetary insurance benefits received, the hypothetical tax consequences being accounted for by assuming that any long-term care costs in excess of the monetary insurance benefits and all of the insurance premiums are paid for by the sale of the first portion of the personal assets; the first process routine also including calculations to account for hypothetical unrealized investment opportunity resulting from an absence of the first portion of the personal assets due to the sale the first portion of the personal assets; and a second process routine adapted and configured for using the stored data to determine an uninsured economic impact of the long-term care costs on the personal assets, the second process routine being adapted and configured for using the stored data to determine an uninsured economic impact including calculations to account for hypothetical tax consequences resulting from a sale of a second portion of the personal assets to pay the long-term care costs and calculations to account for hypothetical unrealized investment opportunity resulting from an absence of the second portion of the personal assets due to the sale of the second portion of the personal assets, the uninsured economic impact being independent of any periodic premium payments and any monetary insurance benefits received.