Independent Living™ Insurance

Image - Independent Living Total Long-term Care - You make the decisions!

Planning your retirement? Independent Living^TM is worth looking into! It's long-term care insurance that guarantees a monthly benefit in case of a loss of independence.

Is this coverage right for you?

Independent Living is right for you if:

You're between the ages of 18 and 80
In the event that you lose your independence, you want to be able to:
- Choose the level of care you want to receive
- Remain in the comfort of your own home
- Protect your assets and retirement income
- Maintain your standard of living for as long as possible
- Access helpful services
- Protect your family's financial security

Features

A loss of independence is the inability to perform 2 of the following activities of daily living without the help of another person:
- Bathing
- Dressing
- Toileting
- Transferring
- Eating
- Continence
- OR it's a cognitive impairment that endangers your health or safety (e.g. Alzheimer's disease)
Use your benefit however you want: you get to decide where you want to receive care you can even choose to use your benefit to make up for lost wages if a loved one is staying home with you
Keep your receipts: we don't need any proof of how you're spending your benefit
Choose how you want to pay your premiums: you can pay them for life or for 20 years only and you don't pay any premiums during a loss of independence
Get access to health care professionals: they can help you do things like find ways to deal with your new reality
You can choose a benefit amount from $1,000 to $8,500 a month
Your premium is guaranteed for the first 5 years
You also get free access to a full range of assistance services from experts to get advice on health, legal and daily living information you may need

How can I get this insurance?

Talk to a Desjardins Financial Security independent advisor with SFL Partner of Desjardins Financial Security who will assess your financial needs today and help you ensure your financial security.

Call 1-866-838-7553 or fill out the online form

FAQ

How's the premium calculated?

The premium is based on the Independent Living coverage amount you've selected and:

Your age
Your sex
Your general state of health
Your family history

The premium is level and payable for life. It's also guaranteed for the first 5 years.

After the 10th policy anniversary, you can choose to stop paying your premiums. If you do, you'll still be entitled to a benefit equal to the amount of premiums collected.

Which coverage is right for me?

A loss of independence needs analysis will help you determine how much money you'd need to stay at home, receive care in a long-term facility or have a family member take care of you. The proposed solution will be in line with your budget. There's also an option that lets you increase your coverage amount without having to provide proof of good health.

Am I eligible?
- You can enrol in this coverage if you're between the ages of 18 and 80.
How much insurance can I take out?
- You can choose a benefit amount between $1,000 and $8,500 a month. You also get free access to a full range of assistance services from experts.

Can I make changes to my policy later on? Will I be penalized?

You can adjust your Independent Living coverage amount based on your changing coverage needs and budget, as long as you respect the set minimums. Fees apply if you want to increase your coverage amount, but there's no penalty for reducing it.

This text is for information purposes only. Refer to your policy for all conditions, exclusions and restrictions.

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