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With
careful Care Fees Planning, Elderly Care need not be a problem, Even if they
are Immediate Care Plans... |
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Alice
had a stroke last year which lead to her needing to move into a Nursing
home |
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Alice
has £7,000 net income a year and therefore needed Financial Advice
on how to provide the Cost of Care |
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The
Nursing home of her choice costs £25,000 per year |
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Alice
needs an extra £18,000 per year help with her Care Fees |
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Alice
only had £70,000 from the sale of her property |
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The
money for Life Care would have run out in four years if Alice did nothing |
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Alice
bought an Immediate Lifetime Care Plan for £44,775 which guaranteed
to pay the £18,000 for as long as care was needed, for life. Alice
was left with £25,225 to provide for personal expenses and for
increased Care Fees. Source: Axa lifetime care Plc. |