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. In some scenarios, you may not get any support from the state if you are a home owner with savings and a reasonable pension.

If you or your partner need care at home or in a care home and 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, then this product could be beneficial to you.

Long term care insurance is 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, you should talk to your financial adviser about long term care and the options open to you.

There are also product options for those entering care, or who expect to do so in the near future.