Long Term Care / Immediate Care Plans

Do you have a relative who is in, or about to go into, a Nursing Home? Are they worried that the fees will eat up their estate? We may be able to help by providing you with an estimate for an Immediate Care Plan.

Immediate Care Plan Form
Contact Name:
Address:
Telephone:
Email:
Resident:
Date of Birth:
    Smoker:
Height:
   Weight:

Quite simply the idea of the plan is you pay a lump sum up front. The plan will then pay out a guaranteed income for life which is used to pay some, or all, of the Nursing Home fees. This means that you have a much clearer idea of the total cost of care rather than signing a monthly cheque for an unknown period.

If the Resident suffers from health problems, they may be able to secure preferential rates and reduce the cost of the Plan significantly.

The Plan works by purchasing an Annuity with the lump sum payment. The amount of income received will be based on various factors including the age of the Resident, the size of their contribution and the current annuity rate.

When annuity rates are set, another main consideration is the amount of time the income will need to be paid for i.e. the Resident's life expectancy!

If the Resident is in poor health then it would be fair to say that they may have a shorter life expectancy and therefore the Annuity will not be paid for as many years. The logical conclusion of this, is that the Annuity Provider, should therefore not need as large a contribution for a Resident in poor health, as they will be paying the income for a shorter length of time!

If you would like an estimate of the cost for an Immediate Care Plan please feel free to fill in the short enquiry form above.

  • Do you have a relative who is in, or about to go into, a Nursing Home?
  • Are they worried that the fees will eat up their estate?

We may be able to help by providing you with an estimate for an Immediate Care Plan.

Quite simply the idea of the plan is you pay a lump sum up front.

The plan will then pay out a guaranteed income for life which is used to pay some, or all, of the Nursing Home fees.

This means that you have a much clearer idea of the total cost of care rather than signing a monthly cheque for an unknown period.

If the Resident suffers from health problems, they may be able to secure preferential rates and reduce the cost of the Plan significantly.

The Plan works by purchasing an Annuity with the lump sum payment. The amount of income received will be based on various factors including the age of the Resident, the size of their contribution and the current annuity rate.

When annuity rates are set, another main consideration is the amount of time the income will need to be paid for i.e. the Resident's life expectancy!

If the Resident is in poor health then it would be fair to say that they may have a shorter life expectancy and therefore the Annuity will not be paid for as many years. The logical conclusion of this, is that the Annuity Provider, should therefore not need as large a contribution for a Resident in poor health, as they will be paying the income for a shorter length of time!