Mike Ranson’s elderly mother was cared for by her husband until he died, at which time she was suffering from dementia. A few weeks after the funeral, Mike and his six brothers decided they couldn’t keep their mother in her house in Wales, and in February 2005 she moved to residential care home in Yorkshire.
Mike found a Financial Adviser qualified in giving long term care funding advice, and after discussing various funding options with him decided on a Partnership Immediate Care Plan. This cost £90,256 for a monthly benefit of £1,560 with 5% escalation per annum.
Mike says he purchased the Care Plan because you “don’t gamble with your mother’s future”.
"The Care Plan provides real security without eroding the remaining estate and it’s great to know that no matter how long my mother lives the Plan will continue to pay a major part of her care."