LONG TERM CARE

"If you know what you want the subconscious will figure out how to get it."
Author Unknown

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.