Canadians like to assume most of their health care needs will be looked after with little direct financial strain. But times are changing. With government cutbacks insured health services are diminishing and there may be some nasty shocks in the years to come.

Even under optimistic scenarios, provincial health plans won't cover all of the options you need to consider if you develop a long-term illness or suffer a disability.

According to Statistics Canada 523,000 adults, or 2% of the population received home care in 1994-95, (the most recent year for which statistics are available). The majority of users, 64%, were seniors.

About 335,000 people aged 65 or older are home-care users. Another 185,600 are living in institutions or nursing homes.

The government does not "pick up the tab" for the entire home care costs that are required. At $25-$35 per hour for the home care services, you would quickly erode your retirement income.

Without proper long-term care planning, you may be forced to: deplete your savings, sell your home, rely on your children to support you, severely lower your standard of living, or let the government make your care decisions.

Don't let this happen to you. Protect your future and retirement savings. Talk to us today about the value of Long-Term Care Insurance and the financial support and security it provides.

If the Boomers are the Titanic, then Long Term Care is the Iceberg on Our Horizon - 'Working with Seniors' CSA 2006
Long Term Care Insurance in Canada: What is it and do I need it? - February 2005