There is growing concern that our health-care system is being cut back so dramatically that we will never again enjoy the level of services received in the past. This is a major concern to the baby boomers, who are growing older and starting to experience the aches and pains and general breakdown of the human body.

We’re all familiar with the statistics: By the year 20331 seniors will make up 22% of the population, compared to 11.6% today.

There is also the problem faced by the “sandwich generation”, who are stuck between looking after children and sick parents or grandparents who need daily care. While to government does offer home care services to those who qualify, services are limited.

For thousands of Canadians, elder care is becoming a pressing concern. That ranges from minimal care (home repairs or looking after finances) to intensive involvement that requires bathing, dressing and feeding an aging parent.

Estimates have been made that up to 90% of Canada’s elderly population now lives independently, not in institutions. Most people over age of 65 are able to live on their own, but more and more will require assistance from family, friends and neighbors. 43% of Americans no

The New England Journal of Medicine estimated that 43% of Americans now age 65 will ultimately enter a nursing home and 24% are expected to stay at least one year. It is likely that the percentage would be similar in Canada. The average cost of a stay of one year in a nursing home runs from $24,000 to $36,000 or more. 

Canadians can choose a long-term care program that can provide between $40,000 and $400,000 of in-home care protection. In addition they can add an unlimited amount of protection should they require care provided by a nursing home or long-term care facility. Proceeds are paid out daily for services rendered.

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