2019 Long Term Care

Long Term Care

Should you be helping your clients with their Long Term Care needs?

Time: 12:15

End Time: 13:30

Location: Sir Humphries Cripps Pavilion, Old Northamptonians, Billing Road, Northampton, NN1 6RX

Food: Buffet available from 12:15. Voluntary contribution for buffet goes to our supported charities.

Members and Non-Members welcome

Overview

The cost of Long Term care is escalating and legislation keeps changing, making this one of the biggest challenges both emotionally and financially, that your clients will face. A financial adviser is likely to be involved in the process, but do you really know what it is you can offer as a service? This session is designed to help you to decide if you wish to operate in this specialist area.

Darren will provide a general view of the rising costs of the Long Term care market, how the processes involved are evolving, and what has driven the changes.

We will look at how an adviser can support a client through the care process, and assist with providing funding options at the appropriate stage.

Finally we will look at the differences between the two main Long Term care annuity options and how the health of a client can make a difference.

Session Learning Outcomes

• You will understand the actual cost of care, and the level of the clients liability to pay
• You will be able to identify what your role should be within the care process, what support you can offer your clients, and also when referring to an external specialist becomes appropriate
• You will understand the difference between Immediate Care and Deferred Care annuities, and when the use of each is appropriate. You will also understand the options for funding of the same

About the Speaker

Darren Amos has a wide range of experience in the area of Later Life Planning, incorporating the areas of Pension provision and Later Life lending and Long Term Care.

He passionately believes all of these areas need to be combined and considered as one when advising clients on Later Life and particularly Care needs.