PPP lifetime care has launched Secure Lifetime Care, a healthcare product which kicks in at a time pre-determined by the client.
The product gives a range of options depending on how long people are prepared to fund their own care, and varies the premiums accordingly.
This period lasts between one and five years. Following this the care plan will then take on a pre-agreed proportion of care costs.
Clients can make a lump sum payment or pay a number of premiums.
Head of marketing David Knight says: “There is a very important role for the IFA to play here in helping elderly clients who need immediate care to assess the long term implications of meeting those costs.”