What is Pre Funded Long Term Care?
This is a plan design to fund for the possibility of long term care needs, the plan is generally funded by regular contributions. This differs from immediate care where a lump sum is always required.
Why Consider Pre Funded Long Term Care?
Funding care for the possibility of needing to fund for a care home is becoming increasingly important as people are living longer. Improvements in lifestyle and medical provision mean that, while people live longer, they frequently do not retain the independence and agility of their earlier years. Simple tasks like washing, moving about the house and preparing meals become more difficult and professional help may be the only answer.
What is the Solution?
Considering a plan that by paying monthly can cover the amount and type of care required. A Pre Funded Care Plan.
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To find out more about Later Life and Long Term Care the following information may help:
The FSA Guide – Money Made Clear and Long Term Care www.fsa.gov.uk
