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Long Term Care Insurance

Long Term Care Insurance

Long-term care insurance maintains the dignity and independence of the individual in retirement and old age, while also increasing the economic well-being of the family. As you grow older and enter old age, normal daily activities may become difficult or uncontrollable. For this reason, it is important to consider future health care needs when preparing and reviewing savings and retirement plans.

According to statistics, it is likely that more than 50% of people at some point in their lives due to an accident, illness, deterioration of mental abilities or aging, need to enter a long-term care center or receive intensive medical care at home Have their own. This type of care can be very expensive, depending on the level of service required, and in most cases, these costs may not be covered by the government’s health plan.

It should be noted that due to the increase in the average age of people, especially in a country like Canada, the demand for intensive care facilities will be very high and the cost of supporting the elderly will continue to increase. Despite other options, such as government assistance, retirees find that paying for this period when they need care and using special private services is very expensive, and government assistance does not adequately meet these needs.

When you have long-term care insurance, you will quickly have access to quality care, because you know that the insurance will pay for it. Depending on the type of insurance contract you have, you can choose how and where (it may be abroad) to receive this care or even stay at home and receive the “services you deserve”. Kurds. People who do not have significant financial resources and savings for their retirement or who have not applied for long-term care insurance will definitely go through a more difficult retirement and old age period, as funding for nursing and High long-term care and its provision will be difficult during this period.

To get the benefits of long-term care insurance, depending on the type of contract, you usually need to do two of the six main activities of daily living (ADL). These activities include, for example, bathing or using the toilet independently, personal hygiene such as brushing and combing hair, walking, feeding or personal clothing.

Due to the great variety of conditions and facilities in preparing and using any kinds of insurance, it is recommended that you consult with one of our insurance advisors before making any decision. Our expert team at Forever Insure is always ready to provide the right consultation to you and thus help you make the right choice.

For more information, please contact one of our advisors at Forever Insure for a free consultation.
  • 647-518-1390
  • info@foreverinsure.ca

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