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&#39LTC plans could save the homes of 40,000&#39

IFAs could save the homes of 40,000 people every year just by advising their clients about the benefits of long-term care, according to new research by PPP Lifetime Care.

The research follows a Government report last month which proposed that it will meet the first £18,000 of LTC costs but after that the individual will have to foot the bill.

PPP&#39s research found 91 per cent of the respondents had not considered making any plans for LTC. The company says this leaves many people vulnerable to losing their assets if they are unable to take care of themselves.

The survey asked 402 adults about their awareness of LTC costs.

It was carried out shor-tly after the Government&#39s announcement on the fut-ure of the National Health Service.

PPP Lifetime Care head of retired market development Jacque Langford says: “I would suggest this is not just an opportunity for fin-ancial advisers to discuss the question of asset protection with their clients. There is an obligation to bring them up to speed on the likelihood of having to pay for care if it is needed.”

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