We all plan to be healthy throughout our lifetime, but sometimes getting older can prevent us from doing things that we now take for granted. Part of planning for your golden years means considering the possibility that you'll need long-term care.

Long term care provides you with the service and support you need to maintain your day-to-day activities should a chronic illness or cognitive impairment keep you from being able to take care of yourself.

How Long Term Care Insurance Can Help You

It can take control over the quality of your care, as well as eliminate many out-of-pocket expenses. Long-term care insurance lets you receive the care you need in the comfort of your own home. It also provides comprehensive coverage for nursing home care, should you need it.

Why Long Term Care Insurance?

People are living longer today than ever before. According to Statistics Canada, 21% of the population will be over the age of 65 by the year 2026. We're living longer because we are taking better care of ourselves, through exercise, better eating habits and the availability of better health care services.

Most people think the government will look after us in our old age. If you become chronically disabled or mentally impaired, your provincial government plan may cover only a portion of the care, assistance and supervision you may need. If you do qualify for a full government subsidy, you will have to abide by their terms and conditions - government nursing homes, government regulated home care and only the benefits allowed within their parameters. You lose control of making your own decisions.