The options for paying for long-term care can be hard to understand. Always start by talking to an independent financial advisor. They can help you to decide which option would work best for you. Some options for paying for your care include:
- using the value of your home through equity release
- getting insurance like an immediate needs annuity
- using your savings
While you don’t have to follow the advice, it's wise to consider it. Involving your family in these discussions can be helpful too. This way, they understand your situation and can support you in the decisions you make.
Most advisers will offer a free and without obligation initial consultation. During this they should tell you how much their advice will cost. They may charge extra for looking after your investments or if they give you regular advice.