Long-term care insurance

Long-term care insurance

This is a product that is slowly evolving in the insurance market. Long-term care insurance is generally aimed at persons 65 years old and over and covers costs related to a stay in a special care home, some home care costs as well as hospitalization. The intent is to protect you financially if some day you were to become unable to take care of yourself because of a chronic disease, a cognitive impairment such as dementia or another age-related condition which would prevent you from attending without assistance to some of your everyday activities. A special feature of this insurance is that the older the insured person is when subscribing, the less he or she pays!