We tend not to think about how to pay for long term care until one of our relatives has to go into a residential home. It is only then that the impact of providing this type of care becomes clear. The weekly costs can really start to mount up, particularly if 24-hour residential support needs to be on hand. Therefore, it is not surprising that most people do not have sufficient income to meet these costs.
However, by paying either a monthly or a single premium, you can add to the amount currently available through state benefits to fund the cost of such care. This means having to deplete less of your assets to meet the cost, thereby leaving more of your estate for your beneficiaries when you die.
DGS have offices in London, Hertfordshire and the Midlands. We have a dedicated team of Independent Financial Advisers (IFA) and Chartered Financial Planners who can ensure you are receiving the right financial advice and the highest standard of service.
We also hold ‘Chartered Financial Planner’ status. To find out more about what that means for you, click here.
For a free consultation to discuss your Long-Term Care Planning requirements together with any other financial needsContact Us today
"I would like to provide feedback on the excellent professional service that Sara Titmus has provided. Sara has been my financial advisor for many years now and recently assisted with setting up a new mortgage, life insurance and critical cover to support the selling and buying of a new property. Sara at all times displays […]"
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