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Long Term Care Insurance Canada

Who will care for you when you need it?

You can meet the cost of your long-term care beyond a predetermined period when you have a long term care insurance product. Your Long term care insurance gives you coverage that is not provided by health insurance, Medicare or Medicaid and it is sold in Canada, United States and United Kingdom.

Long term care insurance is suitable for persons who are not sick in the traditional sense of the term but are unable to carry out the basic activities of daily chores like bathing, dressing, eating, walking, continence and other general activities around home.

Long term care insurance provides the much needed support and financial resources required to meet out-of-pocket expenses during care at home or in a facility, when you are unable to care for yourself.

Availing long term care does not depend on age. Long term care services in some form will be required by about 60 percent of individuals over the age of 65 years in their lifetime. About 40% of these individuals with long term care are within the age of 18 and 64 years. For any worsening of health, it may not be possible to buy long term care plan.

The need for health care will definitely change over the years. It could be in the form of minor health problems for some, while for others, it could be an unanticipated health event or accident, and in most cases, it is some chronic health problems that will make your daily activities a difficult proposition without support from a family member or friend.

As Canadians are living longer than ever before, it is imperative to know these stages of life. This makes it important to think over both lifestyle and choices of life stages to build your retirement income plan.


Planning Long Term Care Insurance Plan

Designing a long term care insurance can turn out to be a complex procedure. We at Life Guard Insurance work on maximizing the benefit amount that you can claim while keeping the budget within your limits. There are certain limitations to many long term care insurance policies like benefits available for a certain years, or benefits capped on reaching a certain amount. There are other things to consider that will affect your premium and Life Guard Insurance always looks after these options.