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Hancock Adds LTCI Cost App

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John Hancock has introduced a free long-term care (LTC) cost iPad calculator app.

The app can help users find the average current local LTC costs in cities across the United States, and it also includes a feature that can project what future costs might be, according to John Hancock, Boston, a unit of Manulife Financial Corp., Toronto (TSX:MFC).

Users can break costs down on a daily, monthly and annual basis, and they also can look at cost estimates for nursing homes, assisted living facilities, adult day care and home care services.

The inflation adjustment tool can provide estimates for what costs might be up to 50 years in the future.