Canadian Licensing Info: Alberta Mortgage #MW-0511205,
BC Mortgage #X028169, FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.

The Mortgage Group®


Long Term Care Insurance

Almost half of all Canadians aged 65 or older will require some form of extended health care. Living in a long-term care facility, personal home care, a personal nurse, homemaking services (meal prep, cleaning, laundry) or supervision are just a few examples of extended health care. As Canadians are living longer than ever before, if extended health care becomes necessary, it can add up to tens of thousands of dollars a year, even if subsidized by government programs. Government programs are not always readily available or easy to qualify for, so life savings can become depleted quickly which passes the financial burden to family members. Surprisingly, this happens in Canada more than most people realize.

Long Term Care Insurance Magnifying glass

Long Term Care Insurance will provide a benefit payment to an insured person who requires supervision or can no longer perform the regular activities of daily living such as eating, bathing, dressing, using the washroom, walking, or getting in and out of bed without assistance due to a debilitating condition.

There are typically two ways in which benefit payments may be structured:

  • Reimbursement for eligible expenses such as a nursing home or home care (up to a specified maximum).
  • A pre-determined amount on a daily or monthly basis.

The services covered for this type of Long Term Care Insurance are vital for your well being or the well being of an aging loved one. More and more children are setting up these policies to cover their parents in the event that long term care is required. This foresight is cost effective when purchased in advance and ensures particular needs are taken care of ahead of time, so when the need arises, all preparations are made and the actual long term care can commence without delays.

Contact us to learn more or get an insurance quote!
MyCare Insurance
Mortgage Amortization Calculator
An amortization is the amount of time scheduled to completely pay off a loan, and the amortization length you choose is important in shaping how much you'll end up paying for your home. While the Government of Canada's national housing agency caps the amortization period for high-ratio mortgages at 25 years, and that is the most popular amortization length in Canada, amortizations can range anywhere from 5 to 30 years for uninsured mortgages. Try our easy to use mortgage calculator to see how changing the amortization length affects your loan payments.
Mortgage Amortization Calculator
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Cobourg.

Mortgage Product Type Inquiries
Refinance/Consolidate Debt23.08%
Mortgage Pre-approval17.95%
First-time Home Buyer16.67%
No Money Down discontinued12.82%
New Purchase11.54%
Mortgage Renewal6.41%