Long-Term Care
insurance is a recent innovation, prompted by the enormous costs
associated with the health care needs primarily of the aged.
Payments cover the cost for long-term care when someone suffers a
debilitating illness or injury that renders him or her unable to
perform “activities of daily living” such as eating and bathing.
Long Term Care pays a daily or weekly benefit to be used to pay for
professional care delivered in the home or to help pay the cost of
institutional care, such as a nursing home, when the insured becomes
unable to care for himself or herself.
As the Canadian population ages, more and more pressure is
placed on government funded medical services. Risk management
involves insuring those risks that cannot be self-funded. What
happens if your spouse requires day and night care because of
Alzheimer’s Disease? What happens if your parents need to be
placed in a nursing home where costs are between $2,000 and
$4,000 a month.
(250) 390-1995 1-800-668-7558
Zulak Financial Group Ltd.
(250) 390-1995 1-800-668-7558