“For a couple turning 65, there is a 70% chance that one of them will need long-term care.” – Wall Street Journal

“Over 50% of all people entering a care situation are penniless within one year.” – Harvard University

Long Term Care Insurance provides income should you end up requiring extended care. Long terms care typically includes rehabilitative care, nursing care, personal and in-home health care.

Long Term Care Insurance protects you in the event you have to enter a long term care facility. It can also help should you ever require at home health care assistance.

The most popular type of long term care policy is one that provides income to you to provide for any type of long term care service. Other types of policies reimburse you for eligible expenses or pay a set daily amount for expenses.

Question or concern about Long Term Care Insurance?
Call:(403) 443-2110

Todd Darling, CFP, of Darling Financial Group serves the greater Three Hills, Alberta area.

30% of adults will become critically ill before the age of 65. The Canadian Cancer Society reports that almost 40% of women, and almost 45% of men will develop cancer during their lifetimes. In Canada, more people will experience a critical illness before they reach 75, than will die before that age.

What would you do if you, or a family member became critically ill?

How would an illness affect your financial security?

Critical Illness Insurance helps ease the financial burdens caused by a serious illness. A Critical Illness Insurance Policy provides a lump sum cash payment to you upon diagnosis of a life threatening illness, such as heart attack, cancer, or stroke. Many policies make that payment 30 days after the diagnosis of certain specified life-threatening diseases such as cancer, stroke and heart attack.

With the lump sum payment from your policy, you can use the payment received from your policy in any way that you need to – for costs of care and treatment, home health care, debt payments, or replace income due to inability to work.

The Canadian Cancer Society reports:

Almost 40% of women, and almost 45% of men will develop cancer during their lifetimes.
Approximate 1 in 4 Canadians will die from cancer.
An estimated 166,400 new cases of cancer and 73,800 deaths from cancer will occur in Canada in 2008.
Three types of cancer account for the majority of new cases: in men: prostate, lung, colorectal; in women: breast, lung, colorectal.
30% of new cancer cases will occur in young and middle-aged adults ages 20-59 in their more productive stage of life.
The Heart and Stroke Foundation of Canada reports:

There are an estimated 70,000 heart attacks each year in Canada.
The leading cause of hospitalization in Canada is heart attack and stroke (15.4% of hospitalizations).
6.9 of Canadians between the ages of 50-64 are living with some form of heart disease or circulatory disease.
Approximately 19,000 Canadians die each year as the result of a heart attack. Most of these deaths occur out of hospital.
More than 50,000 strokes occur in Canada each year. That’s one stroke every 10 minutes.
For every 100,000 Canadian children under the age of 19, there are 6.7 strokes.
About 300,000 Canadians are living with the effects of stroke.
After age 55, the risk of stroke doubles every 10 years.
A stroke survivor has a 20% chance of having another stroke within 2 years.
Of every 100 people who have a stroke, 75 will survive and have long-lasting disability as a result.
Critical illness coverage typically includes (depending on the type of policy you purchase):
Cancer
Coronary Artery Bypass Surgery
Heart Attack
Kidney Failure
Major Organ Transplant
Prostate Cancer
Stroke

Other conditions* may be covered depending on the insurance company:
Alzheimer’s Dementia
Kidney Failure
Loss of Speech, Hearing, or Limb
Paralysis
Parkinson’s Disease
Multiple Sclerosis

* Conditions covered by Critical Illness Insurance, depend upon the type of policy you purchase.

Question or concern about Critical Illness Insurance?

Call: (403) 443-2110

Todd Darling, CFP, of Darling Financial Group serves the greater Three Hills, Alberta area.