Dilnot offers opportunities for insurance market - Actuaries

Sue Elliott, chair of the Actuarial Profession's Health and Care committee said: "If individuals have to pay no more than £35,000, no matter how long their care lasts, it will help them better prepare for their future. "This greater certainty would also allow insurance companies to design more affordable and simpler products to help individuals with their financial planning." Dilnot suggested individuals' lifetime contributions towards social care costs should be capped at between £25,000 and £50,000. Dilnot considers £35,000 as the most appropriate and fair figure. The UK over 65 ...