Desjardins Insurance has launched a policy that includes a monthly benefit for home and long-term care (LTC).
The product, called Life LTC Advance, provides insureds with financial assistance so they don’t have to worry about becoming a burden to their loved ones.
The life portion of the contract pays their estate a life insurance benefit, and the LTC Advance option provides a monthly benefit to insureds who require LTC or home care.
“People understand what life insurance is. But aging is something people are reluctant to talk about,” says Nathalie Tremblay, the company’s health products manager. “That’s why we chose to develop a product that would make sure insureds could afford the care they need while still leaving something to their loved ones.”
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