The demand for long term care needs are predicted to increase due to the UK’s aging population. Increasing life expectancy is challenging how we will fund our future care costs. Our needs in old age are difficult to predict, and as such the type of care and how it is funded are of real concern. By seeking professional financial advice and looking into certain provisions for care such as: immediate needs and enhanced annuities, equity release schemes, savings and investments, long term care insurance, and keeping track of the level of state support, could all help when planning for your future needs.
