The advice and recommendations in our Financial Plan are tailored to each individual’s specific circumstances. This is largely determined by:

• Where the person will be living;
  - independent living
  - assisted living
  - retirement home
  - care home
  - care at home

• The level of any care needed
• Current income
• Any state benefits being received
• Available assets

Once we know the circumstances, we investigate the use of an ‘Immediate Needs Annuity’ (also known as a Care Fees Annuity) and an investment basis, to identify the best method of funding the shortfall between the overall costs and income. 
Options could include;

• Investment for income to cover the shortfall between income and the cost of care fees.
• Purchase an annuity to cover the shortfall, and use the return achieved on a separate investment to recoup the cost of the premium paid into the annuity.
• Invest for income to cover part of the shortfall and buy a smaller annuity.

 Our Financial Plan will include a clear, detailed analysis of each method, in consideration of your specific circumstances, and will also set out the pro’s and con’s of each basis for your further guidance.

Taking the next step.

If you are happy to proceed with obtaining our specific advice at this stage, you can download the two documents from our ‘Library' for completion with the necessary details to get things under way.

Our initial advice is free of charge and without any obligation on your part.

Or, if you have any questions, or to discuss your circumstances in complete confidence without obligation or cost, please call us on 0845 077 5655 or email us

You can also obtain an initial 'guide' annuity quotation via our quote page

 

Call us today and talk to an expert  0845 077 5655