What determines the cost of Long-term care insurance cover/ Rating factors


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


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