Long Term Care Insurance

Long-term care planning is often considered as part of retirement and estate planning. The goal is to help manage potential future care expenses and reduce the financial impact on personal savings or family members. Different strategies may be used depending on individual circumstances, goals, and risk tolerance.

Long-term care coverage may be available through certain insurance products, though availability and features vary by insurer and over time. In some cases, long-term care benefits may be included as part of another type of insurance policy or offered as an optional feature. A licensed advisor can help review current options and determine what may be suitable for your situation.

Public healthcare in Canada may cover certain medical services, but it does not typically cover all costs associated with long-term care. Expenses such as accommodation and personal support services are often the responsibility of the individual or their family. Planning ahead can help address potential gaps in coverage.