Long-term care insurance helps you maintain financial independence and security in the event you suffer a condition that requires long-term care, such as a chronic illness.
Given Canada’s aging population, many people already have family or friends who suffer from wait lists and overcrowded long-term care facilities. Yet private home or facility care is an expensive alternative, especially for retired people on a fixed income.
Consider a form of insurance that can help address these challenges. Depending on the specific plan chosen, long-term care insurance can:
- Provide a lump sum payment following the diagnosis of a covered illness
- Help cover expenses, including medicine and treatment, for long-term health and personal care
- Cover services in your own home or in a long-term care facility
- Assist with financial expenses like lost employment income
I can help you tailor your financial security plan so it protects you through long-term care insurance. Contact me today find out how.
