The main rating factors under Long-term care
The cost of long term care insurance will vary depending on the product selected:
- immediate needs annuities. The upfront cost will depend on the level of income needed; the insured’s age, state of your health and life expectancy; current annuity rates
- equity release. Apart from mortgage payments based on the amount and term of the loan, there may be additional charges, such as an arrangement fee to the mortgage lender; legal fees; a valuation fee; buildings insurance; and a completion fee