Cary Leung Sun Life – Long term care and disability insurance
Out of Victoria, Canada, Cary Leung from Sun Life has spent nearly 30 years helping clients setup financial plans, set realistic goals, and protect their health and families. Along with insurance coverage for personal health care and critical illness, both of which provide protection against the costs of medical treatment and other health-related setbacks, Sun Life also offers disability and long-term care insurance to address the issues of reduced earning potential and costly long-term care.
An estimated 16% of men and 17.5 % of females in Canada become disabled by the age of 65, with mobility and pain being the most prevalent types of disability for both sexes. Although government benefits and group coverage may offer avenues for disability coverage, these options contain benefit limitations and are subject to change. Meanwhile, Workers’ Compensation and unemployment insurance also restrict individuals to specific types of disabilities and a finite period of coverage. In contrast, a customized Sun Life disability insurance plan provides the security of guaranteed coverage and premiums to prevent a loss of income from the inability to work, especially over longer periods of time.
Similarly, government health plans may not cover the costs of long-term care, whether at home, in the community, or at a live-in facility. While long-term care can include specialized medical treatment, the term encompasses a variety of services provided over an extended period of time, including nursing care, rehabilitation, and therapy. Other covered services include those that may be handled by a professional or a family member, such as personal care, homemaking services, and in-person supervision. Sun Life Financial currently offers income-style, long-term care insurance policies, a flexible option that provides income when it is needed, rather than subjecting beneficiaries to the time-consuming process of reimbursing expenses.
For more information about options for disability and long-term care insurance call Cary Leung Sun Life 1-877-786-5433.