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Immediate Care Plan - cost/pricing

Hi all!

Just a quick question on the pricing of Immediate Care Plans. Does anyone know where you can get a quick an easy quote on one, or does it not work like the car insurance comparison websites? I'm guessing they're quite specialised and specific to needs and so you would have to see an advisor! I was just checking to see if I can get an idea if it is a viable capital protection scheme for my parents.

For anyone who is not sure, Immediate Care Plans are policies which are policies which once paid for, pay out to cover/help with care costs for the elderly. (please add if this is wrong :o)

If you have any other tips for long-term care for the elderly, please add them below! :A

Andy

Comments

  • dunstonh
    dunstonh Posts: 120,346 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Does anyone know where you can get a quick an easy quote on one, or does it not work like the car insurance comparison websites?

    Its medically underwritten so no, it does not work like car quotes.
    I'm guessing they're quite specialised and specific to needs and so you would have to see an advisor! I

    yes. https://www.unbiased.co.uk and do a search for advisers that offer that option as many will not transact in that area. The filters should show you who does locally.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • andyuk2005
    andyuk2005 Posts: 137 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Thanks for your help mate, appreciated!

    Andy
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