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Long Term Care Funding Options
The different financial products that are available, and more importantly, appropriate for meeting long term care costs vary according to an individual’s personal circumstances. This can include their age, state of health, their required income and/or capital assets and their personal financial circumstances.
At Later Life Matters Limited, we would undertake detailed analysis in order to identify suitable financial products that are designed to provide returns above those usually provided by deposit-based savings, whilst reducing the risk to capital.
The opportunity to access relevant financial opportunities that can produce a regular income and provide flexibility to meet any future changes in care needs is paramount. Future changes considered include the possibility of future fee increases or the additional costs of increasing care should a person’s health deteriorate or they need specialist care for developing illnesses such as dementia.
Later Life Matters are driven to:
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Ensure that the person needing care receives all relevant State help and then to put a clear plan in place to allow for any remaining care costs to be met for life, |
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Preserve a person’s capital, which is important to so many people want to have the ability to leave an inheritance, |
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Maintain a person’s independence, dignity and quality of life, |
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Provide peace of mind for the person needing care, their family and Attorneys at a stressful and
vulnerable time in their lives, |
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Provide support and information to everyone involved in the planning process. |
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