Focused Wealthcare | Services

Long Term Care Expenses

The health care system will soon experience the same baby boomer bulge that was seen in schools, the housing market and lately in the investment market. As demands on the public health care system increase, the need for private care to fill the gaps will lead to additional expenses.
Statistics Canada projections for the year 2011 shows that a total of 6,954,000 Canadians or 20% of the population will be age 60 or greater. The number of seniors living in the community with disabilities is estimated to rise 52% from just over 1 million in 1986 to 1.5 million by 2011. On top of this, Canada will experience a shrinking tax base from which to fund government health care programs.

byJedZiegler RHU

The cost of providing health care services is growing beyond our tax bases ability to keep up.

Long Term Care Insurance protects your retirement assets by providing cash for long term costs if you are unable to perform 2 of the 6 Activities of Daily Living (Bathing, Eating, Dressing, Toileting, Transferring and Continence).

Critical Illness Protection

The cost of life insurance premiums have reduced significantly over the last decade as medical advances increase our odds of surviving a critical illness. Unfortunately, the costs of surviving these illnesses can be financially devastating. Critical Illness Insurance provides a tax-free lump sum benefits after diagnosis. This cash can be used to pay for additional medical expenses and travel and time off work. It can also make up for loss of contracts, seniority or pension contributions.

Disability Insurance Protection

Your ability to earn income is your most valuable asset and it needs to be insured. Disability insurance is inherently complex and needs to be properly structured.