Long Term Care Insurance (LTCI) is for financial assistance in the event that you need personal care because of a physical limitation or cognitive impairment (such as alzheimer’s). There are several types of Long Term Care policies in Canada.
Why buy Long Term Care Insurance?
The key reasons you should consider a Long Term Care policy include:
The earlier an LTCI policy is purchased the more affordable it will be. Long Term Care policies can be purchased as early as age 30. LTC should be strongly considered by age 50 – 60.
LTC Insurance is growing in popularity as the baby boom generation recognizes that they will live a long life and that some years are likely to be difficult to do declining health.
Learn more about Canada Long Term Care Insurance
Note: Always speak with a licensed insurance professional about your specific situation. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility.
Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind. Make sure you review the "please read" page. Always speak with a licensed insurance professional about your specific situation.
Always speak with a licensed insurance representative about your specific situation.
This site is general in nature and there may be errors or ommissions