Long Term Care Insurance

Published / Last Updated on 15/06/2015

Long Term Care Insurance

Investment Based Long Term Care Insurance, planning for care fees if it is needed in the future.

You can invest a lump sum into long term care insurance, the amount of which is calculated depending on the insurance benefits you choose.

The lump sum is invested in a fund of your choice, depending on the level of security you need from it.  It is normal for the growth of the investment to be assessed over time to make sure that if you need long term care; it will be able to support your long term care fees.

Once you need long term care the fees to pay for it are drawn down from the investment.  If your care fees eventually exceed the value of the investment, it is usual for the providers of this insurance to continue paying for your long term care as long as you need it.

On the other hand, if you no longer need the care benefits you can normally discontinue your investment and have the proceeds paid to you by the insurance provider.

Request expert advice about long term care insurance today and about protecting your wealth and planning for care.

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