Phone:0121 681 6833 | enquiries@birminghamifa.co.uk
Long Term Care
Making Provision for Long Term Care Expenses
"It's when you need to make a claim that you realise just how wise investing in health and medical insurance can be."
We tend not to think about how to pay for long term care until one of our relatives has to go into a residential or nursing home.
Weekly costs can start to mount up, particularly if 24 hour nursing support needs to be on hand. By paying either a monthly or single premium the insured can add to the amount currently available through state benefits to fund the cost of such care and this means having to deplete less of your assets to meet the cost.
This is why long term care can form part of your discussion with your financial adviser. Especially so as there is a chance that long term care premium costs may become tax deductible in the future. There is no doubt however that the need for care is likely to increase as life expectancy continues to rise and with only limited care facilities available the costs are bound to rise.
Health & General Insurance
Company address: Evans and Associates Financial Planning -
PO Box 15593, Birmingham, West Midlands, B32 9FR
T: 0121 681 6833
M: 07976 510972
F: 0121 336 1836
Email: enquiries@birminghamifa.co.uk
Evans and Associates Financial Planning is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Services Authority and registered in England and Wales No.3406454
Trinity 3, Trinity Park, Solihull, Birmingham B37 7ES.
Evans and Associates Financial Planning is entered on the FSA register (www.fsa.gov.uk/register/) under reference 517147.
The FSA do not regulate National savings products, loans, Will writing and some forms of mortgage, offshore funds and inheritance tax planning.
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.