Who will care for me?
Long-term care
With medical science continuing to advance, we are living longer and surviving what were once considered terminal illnesses. But what would happen if you needed immediate care?
Immediate care
One solution is to pay a sufficient single premium into an immediate care plan that would enable you to have your long-term care services paid for immediately.
Typically, such plans guarantee payments for the rest of your life.
They are a special type of annuity, and the product provider will need to assess your health before commencement. If the insurer pays the long-term care provider direct under an arrangement it has made, then payments will be tax free. Prior to commencing your plan, you can choose to have increases applied to your payments.
Please e-mail or contact us for further advice and we will arrange for one of our expert team at Sesame Solutions to advise you about how to make provision for long-term care.
Levels and bases of, and reliefs from, taxation are subject to change.
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