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FAQ for Long Term Care Insurance

Q. Is Long Term Care Insurance hard to get?

The underwriting requirements are easier than being approved for Life Insurance, Critical Illness Insurance and Disability Insurance. So, the answer would be no as it is one of the easier services to be approved on.


An application for Long Term Care Insurance should not be submitted if you currently suffer from or have ever suffered from any of the medical impairments listed below:

AIDS or AIDS related Diseases  Alcohol abuse within 3 years  
ALS - Lou Gehrig's Disease  Alzheimer's disease 
Amputation due to disease Blindness due to disease
Brain disease or disorder Cane, Walker Wheelchair use
Cerebral Palsy Cystic Fibrosis 
Dementia, Senility Disabled - CPP or LTD
Dizziness not yet diagnosed* Drug abuse within 3 years
Emphysema Epilepsy, attacks within 2 years
Hemophilia*  Hepatitis, C or active B
Huntington's Chorea  Incontinence, bladder or bowel*
Kidney Dialysis Leukemia
Liver Cirrhosis Lupus, other than Discoid
Memory Loss Meniere's Disease* 
Multiple Sclerosis Muscular Dystrophy
Osteoporosis with fractures Oxygen use
Paralysis Parkinson's Disease
Physical, Speech or Inhalation Therapy Pulmonary Fibrosis
Rheumatoid Arthritis Sickle Cell Disease
Stroke Suicide attempt
Surgery scheduled or anticipated Transient Ischemic Attack - TIA*

* Some exceptions apply.

Q. Won't the government pay for my care?

While some costs may be covered, there are limits for the amount paid for care at home, and of course, they
don't pay for private facility care. Over a period of time, these expenses can add up to thousands of dollars. Without proper planning, the cost of long-term care may quickly deplete your savings, assets and retirement income.

Q. Who is buying Long Term Care Insurance?

· Retirees and pre-retirees concerned about:
           · Not becoming a burden on their family
           · Maintaining quality of life for themselves and their family
           · Protecting retirement savings
           · Preserving their estate

· Couples (married or common law partners) who want an innovative way to share a pool of their long term care benefits

· People (often women) who have had a care-giving experience, and understand the challenges

· Children of aging parents who want to help them prepare for long term care needs

· Employers looking to improve employee benefits

Q. Is Long Term Care Insurance Expensive?

There are many options when it comes to choosing Long Term Care. The amount of daily coverage, the waiting period and duration of the benefits, all play a role. One can also choose some riders like Inflation protection,
return of premium on death or a payment plan for 20 years. We will have to evaluate your needs and customize a plan to fit your budget.

Life Insurance
Disability / Salary Insurance
Critical Illness Insurance
Long Term Care Insurance
Health & Dental Insurance
Personal Financial Planning
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