Trading as Nick Ball
Protection Inheritance Tax
Investments
Long
Term Care
Statistics show that people are living longer, therefore it is important to make sure you are financially covered against the effects of old age. We can offer independent advice and help determine the best long term care policy for you.
Are You Properly Covered?
Few people give serious thought to what might happen if they can no longer look after themselves in later life. Nursing homes and round-the-clock care might be more than you or your family can afford. By talking to an expert you can find out how to lessen the financial worry and the burden.
Why You Should Consider A Long Term Care Policy:
Put simply, you can't rely on the State's Social Services to automatically pick up the costs of any long term care, especially with all the pressure on Local Authority spending. Currently if your assets are more than £20,500, you will have to meet the costs of long term care on your own. To calculate your financial status, you will usually be subject to a rigorous means test. Your income, pension, savings - not to mention the value of your property - will all be taken into account, however investment bonds do not count towards the calculation.
As awful as it may seem, you could be faced with the unhappy prospect of selling your home to pay for the care you need. With costs in 2004 amounting to between £350 and £700 per week (£18,200-£36,400 a year) or potentially more for nursing care, any plans you had for leaving an inheritance would probably have to be put aside. NB: Data provided by Hampshire County Council
How Acuma Ltd Can Assist:
To fund the expensive costs of long term care, it pays to plan ahead by taking out a Long Term Care Insurance Policy. We can help you choose an insurer which is the most cost-effective for you.
While value for money is an important criteria to consider, it isn't the only one. Just as essential is whether a company can provide support and guidance services exactly when you need them. Some will help by locating an appropriate Care Provider and offer advice on nursing homes. Others only offer a basic information service. We have all the different insurers at hand. So, if you are looking for a comprehensive Care Support package for yourself or maybe an elderly relative, we will have all the answers.
In Summary:
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Your assets could be under risk in order to pay for any long term care.
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Taking out a policy gives you the freedom to choose what care you receive should you have to confront the prospects of dependency.
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With all the costs covered, you're not reliant upon your Local Authority for the quality of care.
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You don't have to face a strict "means test" at a time that is potentially distressing.
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Your partner isn't financially affected, and your family inheritance plans can remain intact.
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We are qualified to give you independent advice.
This is for information purposes only and does not represent personalised advice, you should seek independent financial advice regarding your circumstances. Call us on 01275 373555 for impartial advice.
Acuma Ltd. is Authorised and Regulated by the Financial Services Authority.