With the baby boomers reaching the age of retirement, Manulife is introducing a new product feature called Future Care Option. The Future Care Option allows new and existing disability insurance customers to switch their coverage to long-term care insurance. Typically, Canadians could purchase insurance to protect their income in case they became disabled, but this insurance automatically expired at the age of 65. With the Future Care Option customers can exchange all or part of that coverage for long-term care insurance when income protection is no longer needed. “By creating this option”, says Michael Doughty, Executive VP of Individual Insurance, “we’ve made it easier for Canadians to transition from protecting their income during their working years, to protecting their assets against the costs of long-term care.” He also added that existing customers will not have to undergo the extensive application and underwriting process usually associated with long-term care insurance. “We want to make it easy for Canadians to get the coverage they need,” said Doughty, “so their long-term care can be funded.”