Long term care Archives

With long term care costs rising, savers need to think carefully

November 01, 2013 by TIna

Category: Long term care & retirement & savings & Uncategorized

The cost of long term residential care for the elderly is set to increase dramatically, according to research from Liverpool Victoria, who predict that by 2025 the annual cost of care will be £33,000 per person.

Five Ways to Finance Long Term Care

October 14, 2013 by TIna

Category: annuity & financing & Long term care & retirement & savings & Uncategorized

Current statistics show that three-quarters of those aged 65 and above will need care at some stage in their life: hundreds, if not thousands, of people in England enter the care system every week.

Affording care in later life

October 15, 2011 by TIna

Category: Long term care & Uncategorized

Aviva’s latest Real Retirement Survey Report shows that 70% of over-55s do not believe they should pay for care and the majority (81%) are either worried, concerned or terrified about meeting care costs if they are not provided by the state.

Currently, the state offers no help with care costs to individuals with assets in excess of £23,250. Many pensioners end up being forced to sell their homes in order to pay for extra support.

With long term care costs rising, savers need to think carefully

Five Ways to Finance Long Term Care

Affording care in later life

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