A leading national daily, which has received numerous awards for financial journalism, recently printed an article about long-term care, from which the following is an extract.
“For example, a man aged 60 can expect to pay £109 a month with PPP Lifetime Care for long-term care benefits of £15,000 each year, which will increase in line with inflation. Benefits are paid after just 13 weeks. Norwich Union, however, would charge £95 a month for the same level of benefits but the policyholder would have to wait three months before receiving any payout.”
It takes a keen eye and incisive journalistic mind to make such a fine distinction, which is clearly beyond the intellect of we mere mortals who have subjected ourselves to years of study, examination and regulation.
I defer to my superiors, who are doing so much to promote clarity of thought and to improve standards in our industry.