Every family has or will face an important issue:
Long Term Care
either for themselves or for a family member.

Below is my video message that provides you information about what it is and who should prepare for it.

Click on the graphic to view my message

Long-Term Care Insurance

If you require care due to an illness, accident or diminished physical or mental capacity, Long-Term Care (LTC) Insurance will provide tax-free monthly income to help you receive the type and quality of care you need.

Major advantages:

• Insured individuals may receive Long-Term Care Insurance benefits during their lifetime.
• The monthly income benefit may be used at your discretion without having to provide receipts for the care received.
• LTC coverage helps you stay in control of your life by giving you the opportunity to:
  • Receive the health care you deserve
  • Remain in the comfort of your home for the longest time possible or to select a care facility that is the most appropriate (public or private)
  • Replace the lost income of a natural caregiver providing homecare
  • Preserve the inheritance you wish to leave to your children
  • Protect your assets and your estate from early depletion due to high healthcare expenses
  • Maintain your standard of living and that of your spouse
  • Select the care facility that corresponds to your needs
  • Etc.
• In addition, you can receive assistance from health specialists who will guide you to find help, at no additional cost.

Main features:

• The principal causes leading to a loss of independence are: Alzheimer's disease, circulatory system diseases (for example, heart attacks), conditions such as hip fractures which are more common among the elderly, as well as stroke and cancer.
• One is considered to have suffered a loss of independence when unable to perform at least two of the six activities of daily living: bathing, dressing, toileting, transferring, eating and continence, or when a deterioration of one's mental capacities threatens his/her health or safety.
• When applying for LTC coverage, you can select a benefit period of two years, five years or lifetime.
• After the 10th policy anniversary you can decide to stop paying your premium but still remain entitled to a benefit for a reduced period that is equal to the total amount of the premiums paid. However, this benefit will terminate when this amount is reached.
• Supplementary Benefit Options are also available such as Return of Premium at Death and cost-of-living increase in the insurance amount.
• Some Plans offer a spousal reduction of 10% when both spouses purchase an individual long-term care policy at the same time and both spouses are approved.