TAILIEUCHUNG - A guide to long-term care insurance

In determining what a normal production level is for an insurable farmer, USDA requires the producer to present actual annual crop yields (usually stated on a bushel-per-acre basis) for the last 4 to 10 years. The simple average of a producer’s annual crop yield over this time period then serves as the producer’s actual production history (APH). If a farmer does not have adequate records, he can be assigned a transition yield (T-yield) for each missing year of data, which is based on average county yields for the crop. The most basic policy is called catastrophic (CAT) coverage. The. | This booklet is designed to help you understand long-term care insurance and how it can help you prepare financially for future long-term care needs. More information - and help - is available from your financial advisor or insurance company. Canadian Life and Health Insurance Association Inc. Association canadlenne des compagnies d assurances de personnes inc. TABLE OF CONTENTS 1 THE BASICS 4 The Realities Of Canada s Aging Population 4 Consider These Important Findings 4 This May Surprise You 4 Planning Ahead Is Not Only For The Aged 4 What Is Long-Term Care Insurance 5 2 PURCHASING LONG-TERM CARE INSURANCE 6 Types And Costs Of Long-Term Care 6 Long-Term Care Facility 6 What Are The Average Costs Of Long-Term Care Facilities In Your Province 6 Home Care 7 What Are The Average Costs Of Private Home Care In Your Province 7 Home Care Provided By A Family Member 8 Who Provides Long-Term Care Insurance 8 How Do You Apply For Long-Term Care Insurance 8 How Is My Application Assessed 9 3. ASSESSING YOUR NEEDS 10 Assess The Sources Of Income In Your Later Years 10 4. MAKING A CLAIM 10 When Will Benefits Be Paid 10 Submitting Your Claim 11 5. CONSUMER ASSISTANCE 11 2 Canadian Life and Hẹálịh Insurance Association Inc. de personnes inc. YOU told us what you Long-Term Care Insurance ask about long-term care insurance. long-term care needs . learn what options are available insurance coverage. This guide presents a wide variety of general information on long-term care insurance as simply and accurately as possible but it is not for legal reference. New legislation and regulations and technological and competitive developments may change some of the rules conditions and industry practices described. If you have specific questions check your policy details and contact your financial advisor and or insurance company. Table of Contents

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