For advice or quotations for any type of annuity, with no obligation, please call one of our qualified advisors
0845 365 2410 quoting ref WS9
(Advisors are available Monday - Friday during normal office hours)
The immediate care annuity (sometimes known as the Long Term Care Annuity) is a specialist contract designed to ensure that fees for residential care or care provided at home will be paid for the lifetime of the annuitant. There are no standard rates for these contracts, as each case is underwritten individually following receipt of relevant medical details.
The annuity may either be level or increasing, to allow for future rises in care costs, and payments are made direct to the registered care provider, thus ensuring that there is no tax liability for the annuitant.
Many people are thankful for the certainty and peace of mind that these contracts can provide, as, although the annuity purchase price is lost from the estate (subject to any guarantee period or capital protection having expired), the remainder of the estate is protected. Most importantly, the money to pay for the care will continue for life regardless of investment returns, interest rates, etc.
You can speak to an adviser with the necessary qualifications to give advice on this subject, and we can arrange to request quotations from all providers in this market with just one questionnaire.
UK IFA NET provide fully independent Annuity Advice for your individual requirements. Simply click for a quote. Alternatively speak to one of their highly experienced consultants today on 0845 365 2410 quoting ref WS9 or fill out our online quote request form and one of their advisors will contact you.