Long Term Care Insurance

When you are young and healthy, growing old seems a long time away and something you cannot imagine will ever happen to you and that you do not need to worry about until the time comes.

Just as you contribute money to an RRSP for your retirement, build savings in a TFSA for the things you want in your life or put away money in an RESP for your children’s education, it is important to think about the level, quality and frequency of care that you want when you can no longer take care of yourself.

Even the most carefully scheduled, well organized and financially successful people find it very difficult and depressing to think about and plan for a time when they will be a resident of a retirement home or long-term care facility or in need of some type of regular home care so they avoid buying long term care insurance when they are young and when it is most affordable.
Long Term Care Insurance
Independent, active and energetic people in the prime of their lives are reluctant to prepare for a time when they will be dependent on others to help them with the daily tasks of life. However, the wisest of these people think and plan ahead and are financially prepared and emotionally ready when this time comes because they have taken the time and had the funds available to buy long term care insurance.

Long term care insurance ensures that you will be treated with the care, respect and dignity that you deserve.

Long term care insurance pays a monthly amount to totally or partially cover the costs of long term care should you not be able to take care of yourself due to aging, illness or disability and cannot perform two of the six activities of daily living. The six activities of daily living are bathing, dressing, eating, transferring, toileting and continence. This insurance costs pennies a day if you buy it when you are young and healthy.

You should review your long term care insurance policy if your circumstances change for the better or for the worse.

I would be happy to review your long term care insurance policy with you at no obligation.

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