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Did you know that 32% of people in care homes are paying for their own care fees with little or no support from the state?
(Source: Laing & Buisson UK Market Survey 2006)
Financing suitable care in later life can be a daunting and emotional experience.
Knowing who to ask for independent advice and reliable information is confusing and can leave you feeling disheartened and alone.
Do you really know where to go and who to turn to for care funding advice you can really rely upon? Or are you confident that you
will be able to afford your chosen care home for as long as you need it?
The reality is, for most of us the answer would be a decisive, "no".
So why ask Saga for help?
Saga appreciates the complexity of these issues:
- Advice is free and there is no pressure to make decisions
- Our advisers will assist you in ensuring that you receive your full entitlement to state support
- Saga has created a team of qualified independent specialists, solely dedicated to providing expert care funding advice.
Their focus is on understanding your individual circumstances
- Our advisers can help you keep control of your assets; by searching a range of suitable financial solutions.
A personal report will detail and clearly explain your situation and illustrate our recommendations on how care costs can
be met over the long term
- Our emphasis is on providing support to enable you to make an informed decision that is the right solution for you and your family.
What are the options for funding care?
Saga's team of Care Funding advisers can help guide you through accessing all the options available to you, including:
- A Care Fee Annuity that could provide a guaranteed income for life in exchange for a single lump-sum payment
- Investing For Income that allows you to retain ownership of your capital while generating a level of income to put towards care costs
- Other options such as an interest free loan from your Local Authority, letting a property and equity release. You may also have sufficient
cash savings to simply pay for care, or you can ask for support from your family and friends
Contacting us and further information
Saga believes that we can make a real difference to your future. We'll do our best to help you make the right decision.
If you want to find straightforward answers, some of the most frequently asked questions relating to care are answered here.
To request a copy of Saga's guide and fact sheets fill in this quick online form.
Alternatively, if you simply would like to view the guide and fact sheets you can download them by clicking here.
For further information, or to speak to one of our specialist advisers call our customer service team on 0800 056 6101 quoting
reference 5011S. They will welcome your enquiries and are available from 8.30am to 5.30pm.
If you would like to discuss any other issues relating to care with an adviser please fill in our brief online form and we will
get back to you within two working days.
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