One of the most significant risks to your investment portfolio can be the cost of health care when you can no longer care for yourself. There is a good chance that at some point in retirement you will require long term care and it’s important to be prepared.
Many people are shocked when they discover the limits of government health insurance. Surprisingly, much of the cost of long term care is paid by you. Costs of nursing care, modifications to your home, personal assistance and medical equipment are often not covered by public health care or group benefits. These costs can easily reach into the hundreds of thousands of dollars.
Fortunately, there are ways to protect yourself and your loved ones. Long Term Care Insurance is great way to protect your investment portfolio and ensure that your care won’t be a burden on your loved ones. It provides you with the freedom to receive the care you want, and where you want it. It covers you in Canada and the US and will allow you to stay in your home if you so choose.
With Long Term Care Insurance you eliminate the risk of having to deplete your investments to pay for health care costs, protecting the standard of living you have come to enjoy. Don’t let an illness stop you from enjoying your golden years.
Please talk to us about this and the many other products available to reduce or eliminate the potential risks to your financial future.