Long Term Care


A new and innovative approach to long term care.
Product Overview Provides benefits from Major Carriers to help cover the costs of long term care, either home-based or in a nursing care facility.
Target Markets

Retirees and pre-retirees concerned about:

  • maintaining quality of life
  • protecting retirement savings
  • estate preservation
Premium Structure Designed to be level to age 100 or Pay for 20 years or pay to age 65. Premiums are guaranteed for the first five years. After that Premiums may increase or decrease to reflect changes in cost experience. If however premiums are payable to age 100, the last time rates can be changed is the latter of attained age 75 or 20 years from the coverage effective date.
Issue Ages
  • 18 to 80
  • 18 to 50 for premium duration "pay to attained age 65"
What Triggers Payment of Benefits?

Requires assistance with Activities of Daily Living or due to a cognitive impairment, and incurs associated expenses.

Activities of Daily Living: requires the physical assistance of another person to perform 2 or more of: bathing, continence, eating, dressing, toileting, transferring.

Cognitive Impairment: has a loss of mental capacity so that ongoing supervision from another person is required. Examples include Alzheimer's disease or senile dementia.

A care coordinator, who develops a plan of care satisfactory to both the insured and the insurer, must assess loss. The plan of care identifies the type, frequency and duration of required services.

When Does Payment Begin? After selected elimination periods from the date of assessment: 30, 90 or 180 calendar days.
How are Benefits Paid? Single Life Coverage: $25,000 to $1 Million - 0.5%, 1% or 2% OR Paid for Life
Benefit Maximum Shared Coverage: $ 50,000 to $ 2 million - 0.25%, 0.5% or 1% OR Paid for Life
Standard Benefits
  • Care Support Services - specialized help in navigating Care Networks
  • Coverage in Canada and US - very helpful during the winter months
  • Waiver of premium - premiums waived while receiving benefits