 |
Long Term Care planning.
|
|
Long-term care refers to the kind of care you need for the foreseeable future, maybe as a result of permanent conditions such as arthritis, a stroke or dementia.
It could be the result of an illness or from old age. It could mean help with activities such as washing, dressing or eating – in your own home or in a care home (residential or nursing).
As you get older, you might develop health problems that could make it difficult to cope with everyday tasks, meaning you need help to stay in your own home or have to move into a care home.
The State may provide some help towards the costs of this care depending on your circumstances, but these benefits are broadly means-tested and the government employs this strategy to ensure those that can pay for their own care do so.
|
 |
|
As we are all, on the whole, living longer, this can often result in the unwanted sale of property and the reduction in the value of the estate in order to pay care fees.
There are a number of ways to help you cover the cost of care, including using savings and investments. There are are two types of long-term care insurance, which you can buy either when you need care or in advance:
1. Immediate care LTCI – you buy this when you actually need care.
2. Pre-funded LTCI – you buy this in advance, in case you need care in the future.
At Investment Solutions, our specialists will help you provide for your well-being in the event that you need long term care. We can show you how we can optimise your investments to produce income to help pay for care fees and advice on all kinds of Long Term Care policies. To request a free consultation please click here.
|
|
Download our new Long Term Care Planning leaflet here:
|
|
To view Investment Solutions publications you may need to install Adobe Reader. To download and install Adobe Reader software, simply click on the 'Get Adobe Reader' button below, which will direct you to the offical Adobe website.
