Face your aging future with dignity

It’s a hard truth. You are likely to need some personal health support as you reach your last years of life. Statistics indicate you don’t want to talk about this. But the same statistics are warning you to get a plan in place for the future.

For anyone 55 years or older in Canada, here’s a snapshot of what’s to come: in 30 years, there will be roughly 120% more adults needing home care support. There will also be fewer family members to provide that care: about 30%, due to the decline in fertility rates. This is according to a National Institute on Ageing study from Ryerson University in Toronto.

Most older adults are not thinking about their needs as they reach old age. They vaguely imagine their own busy children will help. Of course, the government will provide practical assistance.

But as the number of Baby Boomers triples by 2050, resources are going to be really strained. What will that mean for the care you might need? What about the burden this can place on your family?

As you make your way to advanced age, you will want to stay in your home – as long as possible. You can create the means to do that through My Dignity insurance plan. It offers a financial bridge to get you good home care if your health should take a hit.

With this plan, you will have access to a pool of money for your exclusive use. To provide for your daily needs if the time comes that you must have help. Personal care, nursing support, homemaking—whatever you require.

This plan is affordable and easy to obtain by answering a short list of questions with your doctor’s help. You decide the value of the policy: either $50,000, $100,000 or $150,000. My Dignity will help you stay in your home. While you figure out the next step. It gives you 100% control, to choose the services you need.

If you are proactive about your planning, you can stay in your home for as long as possible. Be realistic about your health care strategy as you anticipate the last decades of your life.

You can get this plan up to age 80, however, it would be much more cost effective to set this up at a younger age as your rates lock in for life. Ask your Financial Advisor about My Dignity insurance plan.