A long term care policy aims to provide for the costs of those needing care in a nursing home, or in their own home. It is a type of insurance that is intended for the elderly, but would often pay for the care of a younger policyholder needing nursing care due to illness or disability. Long term care insurance has become more common because the government has problems in funding care for the elderly. Making private provision for nursing care will give you more choice and flexibility, should the need arise for it.

Premiums can be paid monthly, by a lump sum or a combination. This may useful to someone reaching retirement age who wishes to use part of the lump sum from a pension fund. In order to make a claim, the policy holder must be unable to carry out two daily functions without assistance. These functions often include washing, using the toilet, climbing the stairs and feeding oneself. A higher benefit may be payable depending upon the level of incapacity. The specifics of each policy vary, and so the requirements of the insured must be carefully considered in order to find the best policy. This is where the experience of the advisers at ifasw.co.uk is invaluable. Being independent, the advisers recommended by ifasw.co.uk have access to every product on the marketplace, and work on your behalf to find the most appropriate policy for you. Only when they have made an exhaustive search of those available will your adviser make recommendations. If you would like information on long term care insurance, under no obligation, then remember that ifasw.co.uk can help you - Just ask us by clicking here!