It is thought that PPP Lifetime Care and Scottish Amicable will be the first two providers of long term care insurance to increase premiums. The premium increases may come about for clients who have long term care bonds that they paid a lump sum for. Options are being put to clients which include increasing the premiums to retain the same level of cover.
Poor market conditions and investment returns are to blame.
To learn more about Long Term Care visit Care Fees Adviser.com.