Long-Term Care Insurance: tailored protection to cope with loss of autonomy
Long-term care insurance is an essential solution to guarantee financial protection in the event of a loss of autonomy due to age, illness or disability. It allows the insured and their loved ones to maintain a certain standard of living by covering the high costs linked to the assistance and care required. Discover our plans tailored to your needs and those of your loved ones.
Why take out long-term care insurance?
- Help to finance the costs linked to dependency (home care, accommodation in a specialised facility).
- Benefit from rapid coverage of needs in the event of total or partial loss of autonomy.
- Maintain your standard of living and ensure maximum autonomy in a suitable environment.
- Provides a monthly annuity to cover care costs.
- Access assistance services to organise care and adapt your home.
The benefits of long-term care insurance
Prialys long-term care insurance includes:
- Financial support: you receive a monthly annuity to cover the expenses linked to partial or total dependency (home help, specialised care, accommodation, etc.).
- Personalised support: an assistance service is available to advise and support you in organising care, whether choosing a facility or adapting your home.
- Adapting the contract to your needs: you choose the amount of the annuity paid depending on your needs and your family situation.
Long-term care insurance: flexible and personalised plans
| Criterion | Details |
|---|---|
| Type of dependency covered | Total dependency (PTIA) |
| Monthly annuity | Payment of an annuity to cover accommodation and home-help costs. |
| Assistance services | Assistance for adapting the home, finding a facility, and psychological support. |
| Additional options | Cover for serious illnesses and support for loved ones. |
| Age limit | Subscription up to age 75 without a medical examination. |
| Criterion | Details |
|---|---|
| Type of dependency covered | Partial and total dependency |
| Monthly annuity | Annuity adjustable according to the level of dependency, doubled in the event of total dependency with hospitalisation. |
| Assistance services | Home help, assistance for adapting the home and managing care. |
| Additional options | Cover for serious illnesses and specific accidents. |
| Age limit | Subscription possible up to age 75. |
The documents required to switch long-term care insurance
To switch your long-term care insurance, you will need to provide several essential documents. First, a cancellation letter must be sent by registered mail with acknowledgement of receipt to your current insurer, stating your wish to terminate the contract. You will also need a copy of your current contract to inform your new insurer of the terms of the old contract. Proof of identity (ID card or passport) will be required to authenticate your request. In addition, if you take out new insurance, a health questionnaire or a medical certificate may be required, especially if you are over 60 or if you request a significant capital sum. Finally, a bank details document (RIB) will be required to set up direct debits with your new insurer.
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Long-Term Care Insurance FAQ
1. Subscription and Eligibility
| Question | Answer |
|---|---|
| Who can take out long-term care insurance? | Anyone aged 18 to 75 can generally take out long-term care insurance. Some offers are available for subscribers up to age 80. |
| Is a medical examination required to subscribe? | Yes, for high capital sums or depending on the age at subscription, a health questionnaire or a medical examination may be required by the insurer. |
| What is partial or total dependency? | Partial dependency concerns the inability to carry out certain daily activities without assistance, while total dependency concerns the complete inability to perform these tasks alone. |
2. Guarantees and Cover
| Question | Answer |
|---|---|
| What does long-term care insurance cover? | It covers the costs linked to loss of autonomy, including home services, home adaptation, personal assistance, as well as an annuity to offset lost income. |
| What benefits are offered in the event of loss of autonomy? | Long-term care insurance can provide a monthly annuity, help for home services, personal assistance, and the coverage of medical equipment. |
3. Costs and Payments
| Question | Answer |
|---|---|
| How much does long-term care insurance cost? | The cost depends on age, state of health and the amount of the annuity or capital chosen. Premiums often start from €10 per month for a basic annuity. |
| Can I adjust the annuity as my needs change? | Yes, most contracts allow you to adjust the annuity depending on your future needs or as your state of health evolves. |
4. Cancellation and Switching Insurance
| Question | Answer |
|---|---|
| How do I cancel my long-term care insurance? | Cancellation can be done each year on the renewal date by sending a registered letter to the insurer. The Chatel law allows you to be informed of the cancellation deadlines. |
| What documents are needed to switch long-term care insurance? | You will need to provide a cancellation letter, a copy of the current contract, proof of identity, and possibly a new health questionnaire to take out a new offer. |
5. Compensation and Assistance
| Question | Answer |
|---|---|
| How is the long-term care annuity paid? | The annuity is paid monthly to the beneficiaries as soon as the state of dependency is recognised by a doctor approved by the insurer. |
| What assistance is available in the event of dependency? | Home assistance services, such as home help, help with washing, meal delivery, as well as the coverage of equipment like wheelchairs, may be included. |