What is long term care insurance?

It’s easy to take our ability to perform day-to-day activities for granted. But this can change, especially as we age. This is why it’s so important to consider your future healthcare needs as you build and review your retirement savings and income plans.

Long term care insurance from Sun Life provides an income-style benefit if you become unable to care for yourself due to aging, an accident, illness or deteriorated mental abilities. The money is for you and your family to use as you wish – you do not need to submit receipts for reimbursement – giving you more control and choice while helping to protect your savings and income.

2 types of long term care insurance to meet your needs:

Sun Long Term Care Insurance Sun Retirement Health Assist
  • Protects against significant healthcare costs in retirement with the added security of protection against the impacts of severe illness or accident that can happen at any time
  • This plan offers a weekly benefit of $150 to $2,300
  • Shorter waiting periods of 90 or 180 days make it possible to begin receiving benefits sooner
  • Provides a first-payment bonus to help with costs incurred during the waiting period
  • Protects against the healthcare costs specifically associated with the realities of aging in the later stages of retirement
  • This plan offers a weekly benefit of $500 to $2,300
  • Longer waiting periods of 1 or 2 years for a lower-cost alternative