Industry consenus would tell you that the long term care market is almost completely redundant. However, the need for cover is still acute, argues Nicky Cave
Many say the long term care (LTC) market is beyond resurrection, but how can it be? After all, a recent Help the Aged survey of 942 adults showed that almost two thirds of 45 to 65-year-olds have made no provision for future care. Over half were planning to cover care-home costs with their basic state pension, and the same number thought their personal savings would cover the cost. True cost However, when the true cost of care is explained to them, and they realise what little state support is going to be available, they would want to readjust their expectations and make some provision ...
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