Long-term care insurance (LTCI) is designed to pay out a series of sums of money, usually each month, when a person (usually an elderly person) needs long-term care.

Long-term care is needed when someone is unable to look after themselves, e.g. following a stroke or if they become very frail. These sums are used to buy care either in the home or in a residential care home. Most policies are designed to pay out for as long as the person needing care lives. Later life policies are designed to provide a cash lump sum on diagnosis of needing long term care.

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Market for Long Term care is small, but, under certain circumstances such policies may be appropriate when considering your long term needs

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Although it's never the easiest topic to discuss, we are always happy to talk to you about such matters. Funerals are expensive to arrange and you might like to consider making arrangements, in advance, to help your loved ones by getting things in place.

If you take out an Equity Release product, you will need the services of a Solicitor. Equity Release lenders will need a solicitors certification to confirm that you have taken and received fair and unbiased advice, that you have understood all of the aspects of taking out an Equity Release product, and that you have carefully considered any and all of the alternative options that may be available to you.

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They will also want to ensure that you have understood the impact on any beneficiaries and that you have discussed your plans with your family.

Do you have a will? When was it last renewed? Have things changed? When considering Equity Release, this may be an appropriate time review this.

If you take out an Equity Release product, this is likely to have an impact on many benefits that you are receiving or to which you may be entitled going forward. We can help you to assess the impact  of Equity Release on benefits and grants.

A Lasting Power of Attorney (LPA) allows your loved ones to take care of you and your finances if you become unable to do so yourself.

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There are two types of LPA:

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A "Property and Financial Affairs" LPA allows your loved ones to deal with paying your bills, buying and selling your property and managing your bank accounts and investments.

A "Health and Welfare" LPA covers decisions about health and care and even deciding where you are to live. This can only be used if someone is incapable of dealing with such matters themselves.

An LPA ensures that, should you be unable to manage your own affairs, the people you have appointed can manage your financial life on your behalf. This can save a great deal of money and distress, and will ensure that, as a vulnerable person, your affairs will be handled correctly and quickly.

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