While most people do not like to think about the possibility that they might need long-term care, Government reform of the care and support system may mean more individual planning is necessary. Claire Fox examines the options for paying for long-term care
Millions of people could be forced to take out long-term care insurance under the Government's green paper proposals on reform of the care and support system. The debate over how this will work looks set to continue for some time yet, but with life expectancy and care costs continuing to rise, now may be a good time for IFAs to reacquaint themselves with the specialist area of financing long-term care for the elderly. But what products are currently available in this competitive market and how can advisers help their clients accept that planning for the worst is a good idea? Immedi...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
