It will be "extremely difficult" to encourage people to pre-fund for long term care, Aviva says.
It follows proposals unveiled in a Government green paper yesterday suggesting individuals should invest between £12,000 and £20,000 in an insurance scheme in return for a guarantee of long-term care. The maximum cost is less than the average £30,000 now paid by elderly people in need of care, but the proposals have been praised for potentially putting an end to the elderly being forced to sell their homes to fund the care they need in later life. Contribution options under consideration include payments being collected during a person's working life or a lump sum being deducted from ...
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