Long Term Care Insurance

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Long Term Care Insurance
Insurance Concepts
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• When you get older,
• will you need someone to take care of you?

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• If so, who will that be?
• Your Spouse?
• Children?
• Relatives or friends?
• Your Community?

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• Are they qualified?
• Do they want the job?
• Will the strain of
• care-giving change
• your relationship?

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Everyone expects and wants

• Dignity
• Freedom of Choice
• Independence
• Quality of Life

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• No one would like to become a burden to loved
  ones and family.

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Costs for Long Term Care

• Certified Facilities
• 1000 - 1500 per month(after subsidy)
• Not including
• TV
• Telephone
• Clothing
• Entertainment etc

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• Private Facilities
• Up to 5000 per month.
• Home Care
• 1000 per month
• (depending on how much care
• is required) such as nurses, housekeeping,
  meals etc.

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How do you pay for these costs?

• Your current or retirement income may be
  enough to cover the monthly costs, depending on
  the level of care you need.

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But

• If your income is not enough to cover the
  monthly
• expenses..
• Where will it come from?
• Savings?
• RRSPs?
• Sale of your home?
• Your children?

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Do you want to protect

• Your current and future assets?
• The well being of your spouse?
• Your childrens inheritance?

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The answer?

• Long Term Care Insurance

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Long Term Care Insurance

• What will it do for me?
• How does it work?
• How much coverage do I need?
• Can I afford it?

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Long Term Care Insurance

• Provides you with daily care at home, or in a
  facility of your choice,
• Provides financial assistance so your assets
  dont deplete,
• Allows you to retain your independence
  without having to rely on family and friends,
• Keeps your childrens inheritance intact.

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How does it work?

• Long Term Insurance will pay you a benefit to
  provide you with care at home or in a long term
  care facility of your choice.

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How much coverage do you need?

• We will complete an
• analysis of your financial
• situation to determine
• how much coverage is
• appropriate for you

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Can I afford it?

• We can tailor a plan to
• accommodate your budget
• and income.

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More importantly, can you afford not to have Long
Term Care Insurance?
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Long Term Care Insurance
Thank You
For more information.
Tel [phone]
Emailinfo_at_insuranceconcepts.ca