Self-funders can still cap their own care costs
July 20, 2015Those who are looking for the opportunity to cap the amount they have to spend on care costs do still have the option to buy a care fees payment plan (sometimes called a care annuity).
If affordable, this type of plan secures a guaranteed income for life and means that the balance of the estate is protected against future, ongoing care costs.
There are two versions of the plan – one that you buy with a lump sum, up front payment which starts paying an income straight away…
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