New Guide on Long-Term Care Insurance Available for Consumers

TORONTO, Nov. 28, 2012 /CNW/ - Today, the Canadian Life and Health Insurance Association (CLHIA) published a new brochure, A guide to long-term care insurance, as part of its 'Ready for Life' campaign during Financial Literacy Month. It provides information on long-term care insurance in order to help consumers understand why it should form part of their overall financial plan.

"Canadians need to recognize that they are responsible for covering the costs of much of their long-term care needs and it is important to be aware of their options", said Wendy Hope, CLHIA's Vice President, External Relations.

The CLHIA is strongly committed to improving the financial literacy of Canadians on insurance matters. This brochure is the 8th in the series of guides produced by the CLHIA on a wide variety of insurance products and services and is available on the Association's website.

About the CLHIA

Established in 1894, the CLHIA is a voluntary association whose member companies account for 99 per cent of Canada's life and health insurance business. The industry provides a wide range of financial security products such as life insurance, annuities (including RRSPs, RRIFs and pensions) and supplementary health insurance to more than 26 million Canadians. It also holds $574 billion of assets in Canada and employs about 139,000 Canadians.

SOURCE: Canadian Life and Health Insurance Association Inc.

For further information:

Wendy Hope, Vice President, External Relations
(416) 777-2221