Free care fees annuity quote

Simply supply us with the following details and we will contact you to discuss your needs and organise your free quotes

Name of Enquirer:

Telephone No:

Email Address:

Who Needs Care:

Their Date of Birth:

Thier Relationship:

Amount of Benefit £ p.a.:

Care Annuities Advantages and Disadvantages

Advantages of a Care Annuity

Helps prevent depletion of capital.
Ensures continuity of care and care home. Prevents having to move care homes because can no longer afford the current home.
Prevents family members having to make good any shortfall in care fees.
Benefits are guaranteed to be paid for life.
Benefits are paid directly to the care home and are therefore tax free – creating no income tax liability for the person needing care and also leads to cheaper premiums.
Optional escalation of benefits available to allow for rising care fees.
Purchasing an annuity helps cap the cost of care. Whilst the initial purchase cost will reduce immediate capital it should help protect the remaining estate and enable you you to invest the rest, safe in the knowledge that care fees should be guaranteed.
Benefits relate to the individual and are portable. So if a change of care home is required the benefits will simply be paid to the new care home.
For those with estate in excess of the applicable Inheritance Tax liability, premiums paid will reduce any Inheritance Tax due on death, effectively making the premium even better value.

In summary – Buying a care fees annuity helps cap the cost of care, provides peace of mind that the chosen care can continue indefinitely and can help ensure an inheritance.

Disadvantages of a Care Fee Annuity

Early death could lead to some capital loss although this can be partially avoided by taking some capital protection against it. Please ask for details.
Even if indexation of the annual benefit is selected, care fees rising by more than the indexation selected can result in further shortfalls being created.
Income produced will affect any means tested benefits such as Pension Credit but not benefits awarded because of disability such as Attendance Allowance.
Once established there is no scope to change your mind or change the benefits although a further plan can be taken out to top it up at a later date.

To find out more about Immediate Needs Care Fee Annuities click care fee annuities.