We live in one of the best countries in the world, and we are very fortunate to have universal health care which covers many potential medical issues. However, many Canadians have not considered what will happen when they or their parents need long-term care. Many assume the government will handle it somehow. Those of us who have been through trying to find appropriate care for a parent, grandparent or loved one, know firsthand that government-funded facilities (if available) are seldom ideal. Long-term Care Insurance is a method of transferring the risk and having a monthly benefit available to pay for any facility or home-care that you would choose.