Products
Immediate Care Plan
In return for a single payment this annuity will provide a guaranteed regular income to help pay for your care fees. Payments will start immediately and continue for the rest of your life. Because the income is paid directly to your care provider it is free from tax.
Escalating your benefits
If you’re concerned about care fees becoming more expensive in the future, you can choose to have the income from your plan increased (or ‘escalated’) annually by between 1% and 8%.
You also have the option to link your Care Plan to the RPI which means that the income payments you receive would be based on the 12-month movement in the RPI as at three months prior to your plan's anniversary date.
Protecting your investment
The Immediate Care Plan also offers you a six month money back guarantee so that if the policyholder dies within the first six months of the Plan a percentage of the capital invested will be returned.
If you want to protect your investment for longer Partnership offers two additional options, available with the Immediate Care Plan, that help you to do this.
Please note: If you take either the Capital Protection or Capital Protection Plus option you will not be eligible for the 6 month money back guarantee.
Suitable if you:
- need immediate care from a registered provider, either at home or residential, on an indefinite basis
- want a certainty of payments for the rest of your life
- have access to a single source of money
If you would like more information on this product or any of its features please click here to see the list of all related literature.
