Long Term Care Insurance

You work a lifetime to acquire the assets that will ensure you a comfortable retirement but all that can change. The fear of dying too soon has been replaced by the consequences of living too long. And with that longevity, comes the need for increased medical assistance.

What is long-term care insurance?

Long Term Care Insurance is a living benefit that will provide you with financial aid to cover the costs of receiving home care or facility care if one day medical problems prevent you from taking care of yourself.

Why do you need long-term care?

Canadians are aging and it is putting a strain on our medical system and it is only going to get worse.

The number of Retired Persons for every Working Canadians is increasing.
 

Source: industrial Relations Information Services, Health & Welfare Canada

• The number of Canadians age 80 and over is expected to double in the next 20 years and triple in the next 40 years.
• Nearly 1 in 2 people are going to require Long-term care at some time after reaching the age of 65.

The harsh realities now a days are a 95 year old baby boomer without a long- term care insurance plan may have to rely on their 95 year old spouse or on there 70 year old son or daughter.