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LONG TERM CARE

A Caring Approach

The average age of admission into a care home is 82 years for men and 84.5 years for women and the average stay approximately 19 months. 

What are the costs of long-term care? 

Costs are very different depending on whether you receive care in your own home or in a care home and also depend on how much support you need.

According to a report by healthcare specialists LaingBuisson in 2018, care home costs can range from:

  • £27,000 to £39,000 per year for a residential care home,

or

  • £35,000 to £55,000 per year if nursing is required

These costs may not include things like day trips, hairdressing etc, so it’s important to check exactly what is included.

How can I plan for long-term care costs?

We can advise you on how best to plan for your potential long-term care needs by creating a plan specific to your individual circumstances.

This could be through investments, purchase of an annuity (lifetime income), property-related finance (such as equity release) or a combination of these.

If you’re facing the challenge of paying for care, either for yourself or a loved one, we can help you make the right choices, so do get in touch.


The value of investments may fall as well as rise. You may get back less than you originally invested.

Think carefully before securing other debts against your home. Equity released from your home will be secured against it. To understand the features and risks, ask for a personalised illustration.

Devonshire House, 582 Honeypot Lane, Stanmore, Middlesex HA7 1JS

0203 745 5955

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Lotus Benefit Consultants Limited is registered in England and Wales no. 3093707. Registered office, Devonshire House, 582 Honeypot Lane, Stanmore, Middlesex HA7 1JS.

Authorised and regulated by the Financial Conduct Authority. Lotus Benefit Consultants Limited is entered on the Financial Services Register https://register.fca.org.uk/ under reference 186675. If you wish to register a complaint, please write to us at the address above or email us at info@lotusifa.co.uk.

A summary of our internal procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 0234 567.

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