As life expectancy rates continue to rise, the prospect of providing long term care for yourself becomes a much more real possibility. The increased ageing of the population also means government care homes are stretched to the limits.
For many people the only option is private care but few people can afford to pay the high cost associated with this out of their retirement income.
There are two types of provision:
In addition to creating an income guaranteed for life, this also has the effect of reducing the assured's estate, which can be helpful for Inheritance Tax Planning.
Whether you have a specific requirement or need a complete review of your financial affairs contact us to arrange that first confidential meeting.