FUNDING LONG TERM CARE

Helping you make informed decisions to fund long-term care.

Steve Wilson

As we’re living longer, many of us will face the need to fund care in later life. Making the decision to find care for elderly family members or friends is often a very difficult time. You need to be confident in making the right decisions, which is where expert advice can make a world of difference.

At Lyndhurst, a number of our advisers are accredited by the Society of Later Life Advisers (SOLLA), which means they have achieved the highest standard for advice in later life and can provide the practical help and guidance needed to help you make the right decisions at the right time.

EXPLORING YOUR CARE OPTIONS

There are different care options, including care at home, intermediate care or supported living, residential care and nursing care.

FUNDING YOUR CARE

Unless you qualify for State support, you are likely to have to fund your own care fees. Working out how you’ll cover any care costs can help give you peace of mind about the future.

THE IMPORTANCE OF PLANNING

The decisions that you or your family may need to make will often be quite complex, requiring careful consideration. Professional financial advice is invaluable to help you make informed choices.

CARE ANNUITY PLANS

You could consider a care funding plan to pay for your care fees. Also known as a ‘care annuity’, you use a lump sum to buy an insurance policy that provides a regular lifetime income to fund care.

EQUITY RELEASE

For those over 55 who own and live in their own home, releasing equity from property can be used to either pay care fees directly or to invest in an Immediate Needs Annuity.