Assisted Living Insurance

Helping you to continue living independently in later life

Back to Later Life Care

As we get older care costs are likely to be one of the biggest expenses we face. The rising average cost of care in the UK means for many people it can be difficult to fund all, or part of any care they might require. Moreover, it might have major financial and emotional implications for the family.

It’s a well-known fact that people are living longer these days. However, as we get older some everyday tasks that were once easy become gradually more difficult and may require assistance. For example: getting out of bed, washing, dressing, feeding and everyday mobility - all present significant challenges when linked to declining mobility and general health.

Fitting essential assistive devices, combined with the provision of professional care services can mean the difference between continuing to live at home with a high degree of independence and going into expensive long-term residential care.

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Quote and apply

Get a quick personalised quote, find out more and apply for Assisted Living Insurance

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Insurance that can provide vital financial support at a difficult time

To help meet the needs of our customers, we have developed a new and innovative solution - Assisted Living Insurance, which provides vital financial assistance towards care and support, at a time in later life when it’s needed most.

  • It can give peace of mind knowing there is financial support available in the future to help towards the cost of certain care needs, allowing you to continue to live independently for longer.
  • By paying monthly premiums now, you can put in place cover to draw upon (when you fail at least two activities of daily living such as washing, dressing and getting in and out of bed) should you need to fund care support to make modifications to your home or require domiciliary care.
  • Monthly premiums start from as little as £27 per month for a 50 year old. You can apply for a policy from the age of 50 and 75 is the oldest age you can take one out, but you can hold the policy for your lifetime.

Plan now for care that may be needed in the future

  • At National Friendly we are a highly regarded mutual organisation with over 34,000 members (as at December 2019). We take great pride in the service we provide our customers. That’s why our medical claims service has been rated at 9.5 out of 10 over the last year.
  • We can offer two levels of cover to help towards living independently in later life – you can choose either £20,000 or £30,000 cover at the start of the policy. Once the policy starts you will then pay regular monthly premiums for the duration of the policy.
  • In the event of being independently assessed as being unable to perform two or more activities of daily living or having a severe cognitive impairment in later life, your policy will help fund the cost of your particular care needs up to the policy cover limits.
  • We will provide an Assisted Living Allowance which funds professional care services up to the value of £1,000 per month. Under the Assistive Devices Allowance there is up to £10,000 you can use towards the purchase and installation of assistive devices to help you perform those daily activities.
  • There’s even a respite care allowance of up to £2,000 which can be used for occasional short-term respite care, should an unpaid carer need to take a well-earned short break.
  • Our policy also includes giving you and your family access to a team of experienced UK-based care advisers - Grace Consulting, who are on hand to provide essential advice and guidance on the care and support options available in your local area.

Just a few of the devices, installations and alterations which may be needed in later life:

  • Stair lifts
  • Grab bars
  • Hand rails
  • Rise and recline seating
  • Adjustments to the positioning of electrical devices and switches to make them more accessible without bending down
  • Bathroom modifications - shower benches, non-slip strips, walk-in baths
  • Allowing for wheel chair mobility - ramps, smooth floor surfaces, widening doorways to give easier access

It could be a mistake to rely on the state to fund care

Some people wrongly believe that the state will cover their care costs. It may well not be the case and will certainly involve intrusive means testing, with many people finding that they will be expected to meet some, or all, of the costs themselves.

In addition, if anyone is found to have deliberately deprived themselves by giving away assets, or to have spent excessively to avoid paying for care, local authorities have the power to reclaim these assets, or to include the amount in the value of an individual’s remaining assets. Local authority funding is not available unless the asset value has been reduced to below the threshold.

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Message to your family

We all want our parents to remain independent for as long as they can, but financing domiciled nursing care or support may come at a surprisingly high cost. It could result in your parents using their savings or selling their home to move into residential nursing accommodation.

While they may be in good health now and the necessity for care seems a long way off, it’s important for you to discuss with them the need to plan for later life to help reduce the burden of some of their future care costs.

Call one of our team

We can explain all the important details and the options available. Call us on: 0333 014 6244.

8am to 6pm Monday to Friday excluding bank holidays. Calls are recorded for training and quality purposes.

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National Friendly is a trading name of National Deposit Friendly Society Limited. Registered office: 11-12 Queen Square, Bristol BS1 4NT. Registered in England and Wales no. 369F. National Deposit Friendly Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 110008. You can check this at: National Deposit Friendly Society Limited is covered by the Financial Services Compensation Scheme and Financial Ombudsman Service.

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