image

Prefunding for LTC

There used to be a number of companies which provided pre funded long term care plans either as regular premium, or lump sum insurance policies or lump sum investments or a mixture of all three. They allowed you to pre fund an anticipated level of care costs subject to you failing a prescribed number of ADL's (activities of daily living).


Plans already in existence will have access to a care councillor and payment towards assistive devices based on the level of care and payment chosen.


If you have such a plan then you should seek advice by contacting us before you stop any payments or cash in any lump sum care bond. There is now just the one company which provided the opportunity for you to pre fund a plan to cover anticipated care costs in the future.


If you would like to find out more or obtain a quotation please contact us.