CLHIA

Is Long Term Care Insurance really worth It?

Is Long Term Care Insurance really worth It?

Earlier this week we took a look at various options for long term care and their cost. In this blog we consider the pros and cons of purchasing long term care insurance to cover these expenses. A guide from the Canadian Life and Health Insurance Association highlights the increasing cost of long-term care and reasons for buying long term care insurance. However the high cost and restrictive provis... »

Genetic testing could limit life, health insurance options

Genetic testing could limit life, health insurance options

  The U.S. personal genetics company 23andme has recently announced that Canadians can now purchase genetic test kits for C$199 that will provide information on genealogical information and 108 health conditions. But if you need life or health insurance, you’d better apply for it first, because risk factors disclosed in your test results could impact your insurability and/or your premium leve... »

The pros and cons of long-term care insurance

The pros and cons of long-term care insurance

A guide from the Canadian Life and Health Insurance Association highlights the increasing cost of long-term care and reasons for buying long term care insurance. However the high cost and restrictive provisions of long-term care coverage may make it inaccessible for those who need it most. Long-term care is described in the guide as ongoing around-the-clock care in either a specialized residential... »