Long Term Care (LTC)

Long Term Care protects your assets from becoming depleted if a serious illness means you require assistance with Activities of Daily Living (ADL) or you require assistance due to a cognitive impairment.

Who Should Consider Long Term Care Insurance?

Who want to preserve retirement assets
Who're concerned about having enough retirement funds for personal care
Who want options regarding the quality of care
Who don’t want to rely on government programs for care
Who don’t want to burden family members with care giving duties

Features and 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

Some Useful Resources:

What long-term care insurance does do is cover services associated with daily activities of living to help you keep your independence and stay in control of your care.