Long Term Care

As our lifestyles become healthier and medical sciences improve, our average life expectancy has risen and is expected to keep rising in the future. This means that we could have more years to achieve our life goals and spend with our loved ones.

Inevitably, we have to recognise that there are a number of financial implications that go with living a longer life. Did you know that the average length of residency is around three years and the cost in a residential care home in the UK can be upwards of £42,624 per year, with additional expenses if nursing care is also required? The average length of residency is around three years, so the costs can be substantial1.

This can be a difficult subject to broach and one that some people find uncomfortable to speak about. Yet the key to effective later life planning is to start as early as possible.

1. Viktor Berg, carehome.co.uk April 2022

middle aged couple on the beach
woman pushing wheelchair thinking about long term care
Calver Wealth Management are accredited members of SOLLA (Society of Later Life Advisers). We have specialist knowledge, skills and expertise to best understand your needs and help create a suitable financial plan. Our advice is guaranteed through St. James’s Place, giving you the reassurance and peace of mind that we are on your side. Our experience in dealing with complicated family affairs enables us to make what can be a very emotional process as straight forward as possible.

St. James’s Place guarantees the suitability of the advice given by members of the St. James’s Place Partnership when recommending any of the wealth management products and services available from companies in the Group, more details of which are set out on the Group’s website at www.sjp.co.uk/products

Get in touch today to discuss your long term care plan