At Unlimited Life we specialize in helping you plan early so you can age well with independence and dignity. Unlimited Life offers unbiased advice from the world’s leading insurance companies on long term care care insurance. Contact us today to find out more at (403) 320-6023 or via email at tania@unlimitedlife.ca.
Talking about how you would cope if you lost the ability to care for yourself is not typically a comfortable topic, which is why it is so often left unaddressed.
But not planning for such a loss, whether it occurs due to aging, illness, accident or deteriorated mental ability, could leave you and your family in financial and emotional ruin.
The current statistics from the Council on Aging show that two out of three Canadians will experience a loss of independence sometime after age 65, and with all of us living longer, the likelihood of maintaining our full independence for the duration of our lifetime is decreasing.
There's a lot of questions that you may not have considered and we delicately explore a few key areas with you such as:
1) Where are you going to live? Most of us want to age at home so how can we ensure this happens? What are the other options available and what are the current out-of-pocket costs associated with these choices today and in the future?
2) Who is going to take care of you? We discuss who may be involved in supporting your desire for long term independence. We explore the typical choices of depending on your spouse, children, and other family and friends and the impact of those choices. We share from our own personal experience what can quickly occur when you or a member of your support network suddenly falls into the role of being both the caregiver and care manager. We offer suggestions on how you can best utilize your network without causing increased financial, emotional and health related burden for your loved ones.
3) What type of care will you need? By looking at the three different areas of care, we work to proactively design a plan customized to you and your family needs. We can't predict when a loss of independence will occur but we can help you plan and prepare for it.
4) How will your care be funded? Most people believe that costs associated with a loss of independence are fully covered by provincial and federal health care programs. Unfortunately this is not true, and with baby boomers in Canada starting to turn 65 in the year 2011, it is doubtful that the situation will improve any time soon. We look at the impact that would occur to your careful developed retirement plan and look at ways to best protect your assets and family.
5) What's the solution? We look at what solutions are available that will specifically suit your individual needs. We remain constantly mindful of protecting your quality of life, your family, and your financial assets.
Don't wait to discuss and plan for this important issue facing your family. Loosing your independence is not a matter of 'if' it's a matter of 'when'. Prepare and plan for it today.