Choose Long-Term Care Insurance That's Easy to Afford
With the high costs associated with long-term care, it's easy to appreciate how important it is to protect yourself with the right kind of coverage.
To help you afford the plan that's right for you, RBC Insurance® makes it easy to fund your premiums.
The LEAP Plan (Long-Term Care Easy Annuity Payment Plan) enables you to set aside funds in a term certain annuity, which then covers your annual premium payments. This is especially helpful if you find yourself unable to make regular premium payments or if you want the convenience that comes from arranging on-going premium payments in advance.
If you decide not to use the LEAP Plan, your premium payments for long-term care insurance are only required for a limited time — whichever is the longer of 20 years, or until you reach age 65. After that time, your coverage remains in effect, with no further payments required. (Note: This limited premium payment period does not apply to the Future Purchase Option Benefit, for which premiums are payable until the full option amount is exercised).
