Long-Term Care

The need for long-term care and how it should be financed is arguably one of the greatest causes for concern among our growing elderly population.

What is long-term care?

Long-term care refers to care you need for the foreseeable future, for example, if you are unable to take care of yourself due to a permanent condition such as arthritis, a stroke or dementia. Care can be needed in many ways - from help with washing, dressing or cooking routines in your own home to moving into a residential or nursing care home with the provision of full-time care.

Although the NHS provides free medical care in hospitals, long-term care outside hospitals is now the responsibility of local authorities and it is not free to everyone. Care fees are expensive but many people may find that they have to pay for this themselves.

A long-term care insurance plan is the most sensible and cost-effective way to fund provision should it become necessary.

Choosing long-term care insurance

A long-term care insurance plan could partially or fully provide for your care needs, protect your assets and income whilst providing you with the security you seek in later life. At Honister Partners we can help you decide on the right long-term care strategy.

Contact your local Honister Partners' financial adviser for long-term care insurance advice.