Care Fee Annuities Factsheet
Care Fee Annuities, Immediate Needs Annuities, Care Fee Plans, Long Term Care Annuities are all terms used to describe a contract offered by specialist annuity providers where in return for paying them a one-off lump sum, they will guarantee to pay an indefinite monthly income tax-free to your care provider/care home for the rest of the assured’s life.
This free to download factsheet guides you through all of the following common questions our clients regularly ask:-
- How old you do you need to be to have one?
- Are care fee annuities tax free?
- Do such annuities affect state benefits?
- What are the relative advantages and disadvantages?
What it can’t do however is answer how much they will cost you as each annuity is individually priced based on individual medical history. However this factsheet does include a manual quote request form, so you can request figures FREE OF CHARGE from all available providers easily, simply by filling it in and returning it to us.
To download this factsheet or any others in our series, please click below.