You know that planning for your future is the smart, responsible thing to do. You’re saving and investing for a comfortable, secure retirement and you have life insurance to protect your assets and your loved ones when you die.
But the fact is, Canadians are living longer and our society is aging. According to Statistics Canada, for the first time in Canada’s history, more than four million Canadians are over the age of 65 and the proportion of
seniors is expected to double in the next quarter century.
That means more people will need health care and government services, putting a toll on our already financially burdened system.
That’s why you need to plan today for the years ahead, when you may no longer be able to look after yourself.
You probably know someone who’s caring for an elderly parent or relative. Ask them about the impact that being a caregiver has had on them. The cost of caregiving services can jeopardize a lifetime of savings. While caring for a loved one is an act of compassion, it also can take a significant physical and emotional toll on the entire family.
How can you protect your assets and your family’s wellbeing? With long term care (LTC) insurance – a smart and cost-effective way to protect you and your family against the impact of expenses associated with long term care.
Consider the advice of a professional advisor to help you sort through your options. Independent financial advisors have the skills to help you assess your situation and create the investment strategy that's best for you.