Long Term Care

The term, “Long term care”, refers to care required for the foreseeable future, usually as a result of frailty or permanent conditions such, as arthritis or dementia.

Convalescence or recovery; following a short term illness, would not be considered as requiring long term care.

Long term care falls into two categories: Nursing Care and Social or Personal Care.

• Long term nursing care is free and is provided by the NHS.
• Long term social or personal care is means tested by the Local Authority and depending on the results of their investigation into your financial situation, you may end up paying for long term care, in full, or in part.

Long Term Care Advice

Based in Reading, not only do we provide advice in our surrounding areas of Berkshire, Surrey and Oxford but we are able to offer advice in most areas of the country. We will offer long term care advice to suit your individual circumstances, and we will travel to meet you in your home, or any meeting place that is convenient to you, at a time to suit you. Our adviser will inform you of the long term care options available to you and will advise on the financial implications of long term residential and non- residential care and the funding options that you may wish to consider. To chat to an adviser, or to make an appointment at a time and place to suit you, don’t hesitate to call us on 0800 970 4885, or take 5 minutes to complete our enquiry form and an adviser will get back to you.

Long Term Care Insurance

One option of paying for care is to invest in a long term care insurance plan; also known as an immediate needs annuity. The main benefit of long term care insurance is that it will continue to pay the insured amount for however long term care is required, whether it is for residential care fees or to cover care home funding. An immediate needs annuity is tax efficient as well, as payments received from the annuity provider are paid free of tax, as long as they are paid to a recognised care provider. Our adviser will be able to offer a long term care insurance quote to you, as well as discussing the other nursing care fees or care home funding options open to you.

Options

A long term care annuity is not the only available method of funding your care needs and our advisers can will advise on the the options that are open to you, including equity release, lifetime mortgages or selling your home. To make an appoinment, or to make an appointment at a time and place to suit you, don’t hesitate to call us on 0800 970 4885, or take 5 minutes to complete our enquiry form and an we will get back to you.

"Equity Release" includes both home reversion plans and lifetime mortgages. To understand the features and the risks, ask for a personalised illustration.

For researching and arranging the best equity release scheme for you, we will make a charge. This can be paid either by you as a fee, usually 2.25% charged on completion with any commission received from the lender refused to you, or a combination of fee and commission, usually 1.25% fee charged on completion and 1% commission received from the provider.