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Assisted Living Insurance

While today’s lifestyles and improved healthcare could mean we live longer than previous generations, maintaining independence in old age can bring bigger challenges. Certain activities and everyday tasks we take for granted could become more difficult in later life, such as moving from room to room, washing and dressing.

Assisted Living Insurance can help you to carry on living independently. The policy provides two cover levels: either £20,000 or £30,000 at the outset which increase each year. Assisted Living Insurance is a later life care insurance policy which can be taken out if you are over 50 years old and under 76.

  • An Assisted Living Allowance which helps pay for:

    • Professional care services delivered in your home

    Up to £1,000* per month within your chosen cover level

    An Assistive Devices Allowance which helps pay for:

    • The purchase or rental of assistive devices to enable you to carry out activities of daily living

    • The fitting or installation of assistive devices in your home

    Up to £10,000*

    A Respite Care Allowance which helps pay for:

    • Short-term respite care should your unpaid carer need to take a short break

    Up to £2,000*

    A Care Advice Benefit which helps with:

    • Understanding the care options available to you
    • Making the best use of the benefits available to you from the state, your local authority and your policy
    • Advice on which state benefits are means-tested, discounted or available for free

    Each allowance has a maximum which can be claimed over the policy lifetime and will be subject to an annual increase.

Mike

Jill’s daughter calls to advise us her mother has had a stroke

Jill has a stroke which results in partial paralysis of her left arm and leg. She is unable to wash or dress herself without help. She also struggles with mobility and cannot transfer unaided to and from a seated position. As a result of the paralysis she is assessed by an occupational therapist who reports that Jill fails four of the policy’s six activities of daily living.

Megan calls us and helps her mum to provide the medical information we need. Jill’s occupational therapist recommended nursing care and a riser recliner chair. After accepting the claim we stop collecting premiums from Jill. Megan arranges a private care nurse to come in and help Jill at £200 a week and we set up a payment arrangement with the care provider. In addition Megan helps her mum find a riser recliner chair which she can get into and out of without assistance, costing £400. We settle the cost directly with the chair provider.

Jill partially recovers over the coming months such that she is eventually able to perform four of the activities of daily living, but is still unable to perform two. We update our records and continue paying for Jill’s nursing care costs until her policy cover is exhausted. 

This example does not feature a real customer.