A qualification in long term care insurance is set to be launched by the ifs School of Finance as more advisers are "moving into this area".
The module, titled CeLTCI and scheduled to open in November, will take between 40 to 60 hours to complete, the ifs School says, and cost £135.
Mark Roberts, head of financial regulation, says: “This new comprehensive Certificate will enable practitioners to give knowledgeable advice on what is becoming an increasingly important area of advice.
“As more advisers move into this area and consider the implications in conjunction with issues such as equity release, we have seen demand for such a qualification rise.”
Like the ifs School of Finance’s other regulatory qualifications, the examination for CeLTCI can be taken at any of the UK’s 150 driving test centres.
The module will consider the background to long term care provision in the UK, the different types of care available and how current legislation affects the provision of advice on the issue.
“LTCI can be a complex area, with considerable tax and legal considerations to take into account as well as the more obvious elements such as determining eligibility to claim under a long term care insurance contract,” Roberts adds.
“Ultimately the objective is to ensure that advisers can confidently and accurately identify consumers' needs and demands and recommend suitable and affordable long-term care solutions, taking into consideration their clients' circumstances.”
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