You need to upgrade your Flash Player This is replaced by the Flash content. Place your alternate content here and users without the Flash plugin or with Javascript turned off will see this. Content here allows you to leave out noscript tags. Include a link to bypass the detection if you wish.

LivingCare…Living for today. Caring for tomorrow.

We all plan on being 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 year’s means considering the possibility that you’ll need long-term care.

Living Care is long-term care insurance. It 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.

Won’t the government look after me when I’m old?

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’re taking better care of ourselves…through exercise, better eating habits and we have better health care available.

Medical advances mean that diseases that caused death in the past now just cause disability. That’s the good news. But living longer costs money.

Have you factored living longer into your retirement plans?

Many of us 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.

The subsidy level for nursing home care is reviewed annually. If your income exceeds this level, you would be eligible for only a partial subsidy, or you could receive no subsidy at all on the cost of your accommodation.

How expensive can long-term care be?

The quick answer is “more than you think!” Private nursing homes can cost more than $3,000 per month. Government nursing homes can cost less, but often have long waiting lists. Home care providers, which may include a private registered nurse, charge a rate of approximately $35 per hour. Less skilled care, like assistance with eating or light housework, can cost at least $15 per hour.

My family will look after me

With the demands of everyday living, few people are in the position to devote the hours per day it takes to care for a loved one, no matter how much they would like to do it.

A recent Canadian Study of Health and Aging states that the reduction in the number of people able to provide informal care to family members will add to the increased demand for high-cost institutional care.

How can LivingCare help me?

Long-term care insurance should be part of your financial future. With Manulife’s LivingCare, you can take control over the quality of your care, as well as eliminate many out-of-pocket expenses.

LivingCare 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.

LivingCare is the answer.

You can purchase LivingCare from age 40 up to age 80. Give yourself the opportunity to live with dignity and not be a burden to your family or a drain on your assets. LivingCare provides an important part of your financial strategy, protecting you against what might happen tomorrow.

LivingCare. Living for today. Caring for tomorrow.

Home | Services | Articles | Testimonials | Referrals | Contact Us | Site Map
© Copyright 2017 - All rights reserved. Web Design and SEO v2