This type of insurance provides monthly benefits to cover the costs related to a loss of independence preventing a person to perform daily tasks alone.
There are many causes: chronic illnesses and cognitive impairments such as dementia and other age-related conditions can prevent you from performing certain everyday activities without assistance. For example, this type of insurance can cover the costs of specialized accommodation or certain home care costs.
The importance of long-term care insurance
It’s impossible to predict the future. That said, this insurance can allow you to enjoy a better quality of life with peace of mind if you need long-term care. What does it do?
Provides for homecare.
Provides for a private long-term care establishment.
Relieves caregivers of a heavy financial burden while preserving the dignity of the insured person.