Life offices must track down old LTC policies - Symponia

The body for care fee advisers has warned many people could be paying for care fees twice over as policies remain unclaimed. In the early 90s, providers such as BUPA, Aviva (formerly Norwich Union), Scottish Widows and PPP Lifetime Care, sold an estimated 44,000 policies to people mainly in their 60s, to meet the cost of care fees in old age. The number of dormant policies could be significant with the majority of policyholders now in their 80s (or older), many with dementia, and not having told anyone about the policy's existence, Symponia has warned. Symponia is urging providers ...