Invest a single lump sum in return for monthly income paid towards your care fees
If you or a relative are paying long-term care costs, you may be worried about the money running out. Having a Long Term Care Annuity will help pay for these care costs and knowing that the arrangements are in place, will give you peace of mind.
What is a Long Term Care Annuity?
The Long Term Care Annuity is a long term care insurance policy provided by National Friendly, in which you invest a single lump sum in return for monthly income paid towards your care fees for the rest of your life.
The cost will depend upon how much income you need (typically the difference between the cost of your care and your income, such as your pension), your age, the state of your health and your life expectancy.
We have partnered with a firm of independent care funding specialists called Eldercare Group who can offer you a free initial telephone consultant to assess whether this plan is likely to be affordable and appropriate for your situation.
You can call them on 0800 082 1155 or email firstname.lastname@example.org
You can choose for the income to go up each year to cover future fee increases, or just cover those from your own funds.
Once purchased, there is no refund after the first 30 days unless additional capital protection is purchased, so the risk it carries is that money could be lost if your care doesn’t last as long as expected.
The income is normally paid directly to your registered care provider and, if paid in this way, it will be tax-fee.
Call Eldercare Solutions today and speak with a telephone consultant on 0800 082 1155 or email email@example.com
We can explain all the important detail and the options available. Call us on: 0333 014 6244.
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