Long Term Care Annuities
Long term care annuities can help you to deal with some of the costs associated with care in later years. Your care provider could receive a fixed amount towards your care costs with a long term care annuity. In return for a single premium, long term care annuities can provide a tax free regular income to a registered care provider of your choice.
Eligibility for long term care annuities
Long term care annuities are designed for those that require care immediately. The amount that your care provider receives on your behalf will depend on the initial amount that you are able to pay, as well as other factors relating to the state of your health, your age and whether you are male or female.
Choosing a long term care annuity
You will need to consider what long term care you are likely to need to pay for before deciding whether a long term care annuity is the best value option for you.
Choosing an annuity can be a complex process with many different options available. You may wish to speak to anto a member of an independent annuity advice team for tailored advice and a free initial consultation.
ABOUT TRUST ONLINE