Dilnot: Reform could stimulate pre-funded insurance market

The report recommended a lifetime cap on care fees paid by the individual of between £25,000 and £50,000, and a separate cap of between £7,000 and £10,000 on accommodation and food fees. Dilnot's Commission also recommended a £100,000 asset threshold, under which individuals will not have to pay for their care. The report noted there is a total lack of pre-funded insurance products against social care costs, but said its recommendations, if adopted, may stimulate the pre-funded insurance market. Partnership was the last provider to offer a pre-funded product, but withdrew it in Jul...