Long Term Care Insurance in Canada
Product Information and Resources
Freedom of Choice
New Insurance Plans for Long Term Care
Ontario Blue Cross
Ontario Blue Cross has unveiled a new concept in health coverage designed to transition from coverage that protects the earning years (disability insurance) to coverage for the caring years (long term care insurance). Known as Hybrid coverage, this plan is cutting edge - designed to adapt to your changing needs no matter what your age.
Individuals can purchase a disability income plan while they are working to protect their income in the event of an accident or illness. As they near retirement and their need for disability insurance diminishes, a portion of the benefit converts to
long-term care facility coverage annually until the full benefit has transitioned to a long-term care facility policy.
As an alternative, an individual can initially purchase critical illness protection, that similarly transitions to long-term care coverage.
This program offers further optional enhancements such as inflation protection, hospitalization and loss of autonomy benefits that covers special medical tests, and other medical expenses leaving the dollars from the long term care coverage to be available for dealing with personal care and accommodations.
To obtain a quote, complete the Inquiry Form at the bottom of this page.
Quality of Life
Dignity
Manulife
Manulife has completely revamped its Living Care plan. This long-term care coverage is one of the few that pays a benefit monthly without limiting where the individual can be receiving care or who can be acting as their caregiver. This offers the greatest flexibility during a claim because it functions like a monthly 'pay cheque'; following claims approval.
The individual selects a lump sum benefit amount (a 'pot 'of money from which they draw a fixed monthly benefit when needed).
This coverage is particularly attractive for couples who are both seeking coverage as they can share one common 'pot' between them, making the cost less than having two separate plans.
To obtain a quote, complete the inquiry Form at the bottom of this page.
Resources to Help You Plan
My-MEDIC-Notes
This is a plannng kit that helps you plan in advance for a medical emergency. It lets paramedics know your vital medical background when you are unable to speak for yourself. The paramedics can 'grab the bag' and get you to the hospital.
During a medical emergency it is difficult to think clearly, and documenting essential medical history, current medication and your medical wishes can help to ensure you will receive the best medical response at the earliest point. Paramedics and hospital staff will know essential details that could save your life. It will also reduce the stress felt by loved ones called upon to make medical decisions on your behalf.
Health emergency advance planning is an important part of long-term care planning.
Learn more about My-MEDIC-Notes.
Your Wellness
Maintaining your health and wellness today is the most important way to plan for the future. This involves eating right, exercise, and managing day-to-day stress.
Learn more at this 'online lifestyle magazine'.
Independence
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