- What is long-term care insurance?
- Should I consider it as one method to help fund my care-years?
- What to ask when considering purchasing a long-term care insurance policy?
- Which companies in our country offer this product?
- Are there other resources one can turn to for further information?
Patty Randall is described as “one of the pre-eminent experts, writers, speakers and media commentators on the issue of care in Canada”.
Click here to listen to Patty Randall talk about Long Term Care Insurance with one woman about her decision to buy this coverage.
By Barbara Feldman for SmallBizAdvisor
The cost of long-term care can represent a significant expense for many Canadians, which is why long-term care insurance (LTCI) can help bring peace of mind. One thing to consider: LTCI isn’t just for people in long-term care facilities any more.
Karen Henderson, founder of Long Term Care Planning Network, notes that LTCI used to be called “nursing-home insurance,” although nine-tenths of Canada’s elderly and those suffering from chronic illness or disability are cared for by family members, and four-fifths of those suffering from Alzheimer’s or other dementias are cared for in their own homes.