Lifetime Care Plan

In exchange for a one-off payment, our Lifetime Care Plan provides a guaranteed monthly payment to help pay your care fees for the rest of your life.

If you're aged 60 and over and required to part fund or fully fund your own long-term care, you may be considering purchasing a Lifetime Care Plan.

• Escalation
  You can choose either a fixed payment that does not change throughout the duration of the plan, or a payment that increases each year.
• Death benefits
  We automatically include a death benefit which pays a percentage of your original premium, less any payments we've already made, to your estate if you die within the first 6 months of the plan. You can also add an additional death benefit which protects a percentage of your initial one-off payment. Depending on when you die and the options you choose, you may get back less than you paid for the plan.

We’re unable to sell a Lifetime Care Plan directly to you. If you feel a Lifetime Care Plan may be suitable, you’ll need to contact a financial adviser who can help you understand your care funding options. A financial adviser will also be able to help you if you’re a legal representative of the person who requires care.

A Lifetime Care Plan may affect your ability to claim for means-tested state benefits.

If your financial adviser believes a Lifetime Care Plan is suitable for you, they’ll help you shop around for the best price, and help you through the process of setting one up. You can find a financial adviser by visiting Unbiased.

If you have questions around care funding and don’t know where to start, you can contact MoneyHelper, an impartial guidance service that’s backed by the government.