Compare Life/Long Term Care Hybrid to Standard LTC
This life insurance and long term care hybrid product (Tangible insurance plan) from
Ontario Blue Cross offers extremely affordable Long Term Care (LTC) coverage. An especially important feature of
this insurance plan is that the life insurance only converts to Long Term Care if you need it!
Affordable Long Term Care Insurance!
(Ontario and Quebec)
The following is a comparison between traditional long term care plans and the Ontario Blue Cross™ Life-LTC hybrid plan:
| Topic |
Traditional LTC |
Life-LTC Hybrid |
| Cost
of premiums: |
Traditional LTC coverage is very
expensive. |
Premiums are inexpensive, since
the plan only converts to LTC if you need it! |
| Are
premiums fixed? |
No . They
can and do rise often.
|
Yes.
They are levelled, and guaranteed by Ontario Blue Cross! |
| Does home care (as opposed to facility care) cost
extra? |
Yes. To get
home care coverage is a substantial, additional expense.
|
Yes, home care is
an optional benefit that does raise the costs of premiums slightly. |
- Overview of Life-LTC Hybrid |
How the Hybrid Works -
™ The Ontario Blue Cross symbol and name are trademarks of the
Canadian Association of Blue Cross Plans, an association of independent Blue
Cross plans, and are licensed to the Canassurance Hospital Service Association,
carrying on Business as Ontario Blue Cross.