If you require care due to an illness, accident or diminished physical or mental capacity, Long-Term Care (LTC) Insurance will provide tax-free monthly income to help you receive the type and quality of care you need.

Major Advantages
 

• Insured individuals may receive Long-Term Care Insurance benefits during their lifetime.
  
  
• The monthly income benefit may be used at your discretion without having to provide receipts for the care received.
  
  
• LTC coverage helps you stay in control of your life by giving you the opportunity to:
  
  
  • Receive the health care you deserve
  • Remain in the comfort of your home for the longest time possible or to select a care facility that is the most appropriate (public or private)
  • Replace the lost income of a natural caregiver providing homecare
  • Preserve the inheritance you wish to leave to your children
  • Protect your assets and your estate from early depletion due to high healthcare expenses
  • Maintain your standard of living and that of your spouse
  • Select the care facility that corresponds to your needs
  • Etc.
    
    
    
• In addition, at Desjardins Financial Security, you can receive assistance from health specialists who will guide you to find help, at no additional cost.
   

Main Features
 

• The principal causes leading to a loss of independence are: Alzheimer's disease, circulatory system diseases (for example, heart attacks), conditions such as hip fractures which are more common among the elderly, as well as stroke and cancer.
  
  
• One is considered to have suffered a loss of independence when unable to perform at least two of the six activities of daily living: bathing, dressing, toileting, transferring, eating and continence, or when a deterioration of one's mental capacities threatens his/her health or safety.
  
  
• When applying for LTC coverage, you can select a benefit period of two years, five years or lifetime.
  
  
• After the 10th policy anniversary you can decide to stop paying your premium but still remain entitled to a benefit for a reduced period that is equal to the total amount of the premiums paid. However, this benefit will terminate when this amount is reached.
  
  
• Supplementary Benefit Options are also available such as Return of Premium at Death and cost-of-living increase in the insurance amount.
  
  
• Desjardins Financial Security offers a spousal reduction of 10% when both spouses purchase an individual long-term care policy at the same time and both spouses are approved.
   

Insurance Shopping Guide

It takes times and care to make sure your insurance needs are properly covered. Our Insurance Shopping Guide can help you achieve this important task.
 

Getting Advice

* Warning: The above text is of a general nature and is for explanatory purpose only. The insurance products described above each have their own features. See your contract for complete terms and conditions as well as restrictions and exclusions to which they are subject.