Long-term care insurance
Long-term care provides services that address the health, social and personal care needs of individuals who have lost the ability to care for themselves. Most people are not aware that long-term care costs are not fully covered by government health care programs.
Long-term care insurance offers protection now and in the future. When people hear the words "long-term care" they think "that is for the elderly", but the need for long-term care can happen at any age due to illness or injury.
Long-term care insurance can provide:
Protection: No one wants to save their money in anticipation of life after a stroke, accident or deteriorated mental ability. Long-term care insurance puts the protection in place so you don't have to worry about "what if?" If there is a need for long-term care, you won't have to deplete your savings, income and investments.
Independence: You will be able to enjoy you money now and during retirement, rather than being afraid to spend it in case you need long-term care in the future.
Flexibility: Long-term care insurance provides an income benefit. This means you can spend the money however you choose, including purchasing private home care or pay a friend or family caregiver.
Control: With long-term care insurance you won't have to settle for the level of care provided by the government. You can get the care and support you need from the person you want, where and when you want it.
We work with Janet Bonnar who has specialized in long-term care insurance for the past eight years. Janet can assist you in understanding what the government provides and what the cost of care can be. Janet can help you make an informed decision.