Female nurse helping an elderly man get up off of a chair.

Long Term Care

Maintain your independence and help protect your savings

Statistics from the Canadian Life and Health Insurance Association tell us that more than 70% of people age 65 or over will ultimately require some form of long term care. So if you’ll be 65-plus within 20 years, the time for you to take control of your care for the long term is now.

Get more information or your no-obligation quote today:

It’s part of a solid financial strategy

  • The need for long term care – daily care would be required if you are physically or cognitively dependent as a result of an accident, illness, or aging. According to the Canadian Life and Health Insurance Association, over half of women and a third of men aged 65 or over will ultimately live in a nursing home – though not by choice – due to the high cost of home care.

  • The logical solution – due to limited government funding for home care and long term care programs, your monthly expenses could reach into the thousands of dollars. But long term care insurance offers a tax-free income benefit if aging, illness, accident or diminished mental function were to lead to a loss of your independence.

  • You don’t have to go it alone – our program partner MyDignity have offered long term care insurance for almost 40 years. They’ll assess your personal situation, explain all options, then design a solution tailored to your circumstances.

How it works: Tax-free monthly income benefits will be paid if you become physically dependent, cognitively impaired or unable to perform the activities of daily living. Benefits allow you to choose where you would like to receive care – either in a long term care facility or your own home.

Between ages 45 & 71 you can buy coverage that will help protect you for life, with premiums based on your age at the time of application. So apply early to save, as lower rates are available for applications younger than age 65. If obtaining coverage is a worry due to health issues or cost, you could consider a simplified plan – an affordable option with no medical underwriting.

If you need to make a claim, MyDignity is here to help

For all long term care plans – whether you have home care assistance or a traditional long term care insurance product – you need to meet certain qualifications in order to be eligible for benefits. To initiate a claim, the trigger points are either:

Physical dependency: You are considered physically dependent when you are unable to perform two out of the six activities of daily living – eating, bathing, transferring, dressing, toileting, loss of bladder or bowel continence.

Cognitive dependency: You are considered cognitively dependent when you are no longer able to think and reason for yourself – losing the ability to reason, perceive, think, reflect, or remember.

Prompt, responsible claims payment is MyDignity’s primary concern. If you feel you or your loved one meets the eligibility criteria, the first step in the claims process is to speak with one of MyDignity’s customer service consultants.

STEP ONE

Call 1.877.851.4520. Speak with one of MyDignity’s customer service consultants, who will explain the entire process and outline the initial information required from you, including the required forms you must complete and submit to begin your claim.

STEP TWO

Complete the required forms and paperwork. These forms include an Attending Physician Statement that is to be completed and signed by your personal physician. MyDignity will verify that all information is correct and complete, liaise with you or your Power of Attorney, and act as your advocate with the insurance carrier.

STEP THREE

MyDignity will help ensure everything is in order. They will verify that all information on your completed form is correct, and then submit your claim directly to the insurance carrier.

Once the policy benefit amount has been paid out in full, the policy will terminate unless the policy contains specific provisions such as a partial payout or a second event feature.

Long-Term Care

Take control of your care for the long term

Whether you’d like a no-obligation quote or more information, call toll-free. Licensed specialists from our program partners MyDignity will answer your questions, explain your options, and help select the coverage that's right for your needs and budget.

MyDignity logo

Insurance policies administered by MyDignity Inc.

The MyDignity logo is a trademark of MyDignity Inc.