Long-term care insurance (LTC or LTCI), an insurance product sold in Canada, helps provide for the cost of long-term care beyond a predetermined period. Long-term care insurance covers care generally not covered by health insurance.
Individuals who require long-term care are generally not sick in the traditional sense, but instead, are unable to perform the basic activities of daily living (ADLs) such as dressing, bathing, eating, toileting, continence, transferring (getting in and out of a bed or chair), and walking.
Generally there are two types plans that cover payment either in a long term care facility or payment while you recieve care, continuing to live in your own home. You may also buy combined coverage.
Ready to speak with an adviser, get a quote or simply need someone to answer a question?
Contact Us and a licensed life agent serving Brantford will take time to ensure you clearly understand all your options.
Not in Brantford?
We are here to help, even if it is as simple as finding the right phone number for that policy you bought when you got married.
Deferred Annuity: An annuity providing for income payments to begin at some future date.