Tory plans for LTCI would cut premiums by a third - Pafs

The Conservative Party yesterday suggested it would try to build partnerships between the government, health service and the insurance industry to encourage take-up of long-term care insurance. Instead of requiring consumers to pick up the entire cost if they have savings worth more than £20,000, the Tory Party says it will pick up the remainder of the bill if consumers take out insurance to cover costs for the first three years of LTC. At present, Pafs is only one provider left in the LTCI market as the cost of premiums is simply too high given the conservative estimate required when...