Long-Term Care Insurance: Are Canadians Buying It?

Long-Term Care Insurance: Are Canadians Buying It?

What sort of insurance product would you market to the Canadian public when you read about the aging demographic and the gap in health care services? Long-Term Care Insurance may be the answer, and in theory this type of coverage seems to make a lot of sense.

Long-Term Care Insurance is supposed to provide protection if you need to enter a long-term care facility or will require special medical care at home for services such as the following:

  • nursing care
  • rehabilitation and therapy
  • personal care (help with activities of daily living like dressing, eating etc.)
  • homemaking services (meal preparation, cleaning, laundry)
  • supervision by another person

The big question, though is will it come through when you need it?

Many claims will no doubt be paid, but where there is a question about entitlement, or where a level of interpretation or analysis is required to decide on whether benefits will be paid, the ambiguity and fine print in the insurance policy or contract will come into play, and there will be claim denials.

The bottom line for Canadian consumers is to get good advice on whether such insurance makes sense for you, and in the event that you have it and your claim is denied when you most require the financial support such policies are supposed to provide, find lawyers with the expertise to assist you and your family recover what you are entitled to.

By David Share L.L.B.

President, Share Lawyers

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