Long Term Care

This is an insurance that is growing with the extended life expectancy and "miracle drugs" that now allow treatment of previously fatal diseases. This coverage includes the maintenance and health services to the chronically ill, retarded or disabled. These services may be provided by a nursing home, rehabilitation facility, mental hospital, at home or outpatient basis.

This insurance is a set amount that is purchased by a person. It can be for the individual or for a couple with conditions set for if one person needs the coverage before the other. It is best purchased by the time the individual(s) are 50 years-old to get the best rates.

You could experience a situation where a person has a stroke. The Critical Illness insurance would respond, Disability Insurance would respond and Long Term Care insurance would respond.

Consider what is necessary for you where you live. Each province and territory has its own rates for Long Term Care.