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Long Term Care

Long Term Care

Long term care insurance provides an income benefit to use if you become unable to care for yourself due to aging, illness, accident or diminished mental ability.

Many individuals feel uncomfortable burdening their children or family members for support, and find that long-term care insurance could help cover out-of-pocket expenses. Without long-term care insurance, the cost of providing these services may quickly deplete the savings of the individual and/or their family.

Long term care insurance gives you the freedom and control to choose the type of care you wish, and the peace of mind that comes with knowing that the financial cost of your care, which can be overwhelming, will be covered. Long-term care insurance covers home care, assisted living, adult daycare, respite care, hospice care, nursing home and Alzheimer's facilities.

Premiums paid on long-term care insurance may be eligible for an income tax deduction. The amount of the deduction depends on the age of the covered person. Benefits paid from a long-term care contract are generally excluded from income.

For a free consultation please call: (416) 953-9947.

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