Residential and Long Term Care

The number of people in the UK age over 65 has risen from 13% in 1971 to 16% in 2003 and, as mortality rates continually improve, is only expected to grow further. By 2056 it is estimated that some 7.1% of the population will be aged 85 or above, compared to just 2% in 2006.  Source: Partnership Assurance, May 2008.

As rates of disability and illness escalate with old age, it’s currently estimated that one in three of us will require long term care at some stage in our lives and, if not properly planned, it has the potential to be financially devastating.  It can also have a huge impact on family members who often provide care without any financial assistance.

Although currently not authorised to provide advice on the provision of long term care, we recognise that this is an important and growing area of financial planning and for the time being are referring enquires to a specialist advisory company.

Enquire about providing for Residential and Long Term Care....