Long Term Care
Long term care in a care home is very expensive, and can destroy your savings (including the equity in your property).
It's a complex area, but if you are a home owner, with savings, and a reasonable pension, then if you (or your partner) need care (at home or in a care home) it is likely that you will incur significant costs, whilst not getting much, if any, help from the State until your savings have been reduced.
Long term care is a type of insurance designed to provide funds should the person need to go into a care centre, typically as a result of old age and its associated problems.
If you are retired, approaching retirement, or would consider yourself to have a potential financial responsibility for an elderly relative, talk to us today about long term care and the options open to you.