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long term care insurance- why you need itLong Term Care InformationLong Term Care insurance could be an important factor in making your old age more pleasant. In the United Kingdom the average age is increasing yet the government is making relatively little provision for looking after its senior citizens who may need long term care. Despite paying National Insurance for many years (which is used to pay the pensions of current pensioners not to pay your future pension) for many people the outlook will be bleak. The Government will not provide care unless the person has hardly any assets of their own. This has meant that many people have had to sell their house and spend most of their savings instead of being able to pass their wealth down to their children. The Government is so hard-hearted that even if you transfer your house to your children they will still regard it as your asset! The cost for this care run into hundreds of pounds each month so that unless you are very well off, you will find that your bank account is quickly emptied. The solution is to purchase an insurance policy to offset you against your future financial needs in the future. If you want help on this or any other related topic please contact us. Please note that long term care insurance is now specifically regulated by the Financial Services Authority (FSA) and as such your e-mail will be sent to an independent financial advisor who will ensure that a suitable policy that meets your demands and needs is provided. Links to lists of our other main policies
Financial and medical insurance - long term
care, accident and sickness
insurance, private medical health insurance, life, critical illness, mortgages |
