What living longer really means?
More people are surviving critical illnesses, those with low levels of financial resilience may experience hardships when confronted by ill-health, or care needs when older, and exposures for women are higher given their lower financial resources, greater dependencies and longer life expectancy. Read the full report here.
The Money Advice Service gives a guide on getting advice to plan for long-term care and recommend talking to a specialist financial adviser. They say "They can help you work out: The best way for you to fund care, which care option best suits your needs, how much money you might need for your care". Read more at moneyadviceservice.org.
At Cotswold Independent Financial Services our advisers are increasingly working with people planning either their own long term care or thinking about the provision required for their family.