Several years ago, Pamela Earnshaw’s mother had a stroke and began suffering from then undiagnosed Alzheimer’s. Her health deteriorated and she began receiving Local Authority care in the form of assistance with taking medication and meals. Pamela paid for this care out her mother’s funds.
After a fall Pamela put in place an at-home care package through the Local Authority. Eventually Pamela decided her mother would be better off receiving care in a care home.
In mid-2003 Pamela and her brothers sold their parents’ house in order to help fund the care home. Their parents had split ownership of the house in their will, so half of it went towards her mother's care. The Local Authority provided funding for the care home while the house was being sold.
Having discussed the options with her Financial Adviser, Pamela now funds her mother’s care in part from the income of a Partnership Immediate Care Plan purchased in October 2003.
“It’s saved us money in the long term. It’s a help and an assurance that you’re never going to run out of money.”