06: Can insurance help?

In some cases, insurance can help.

You can take out an insurance policy that will pay towards care fees should the need arise in future. You can pay for this monthly or with a lump sum.

If you already need care, special policies exist that will pay a guaranteed sum each month for as long as you need care. The big advantage of this route is that it can help to crystallise the cost of care.

Inheritance tax planning may be important to you too. If so, we can advise you how best to meet your care needs and to gain inheritance tax benefits too.

In some cases, family members can help towards the cost of such insurance if they wish to and are able to as well.Last Updated