Pay for Lifetime
Care Without
Selling
Your Home.
The Care and Home Inheritance Plan from My Lifetime Care can pay your care fees for the rest of your life, whether you choose to live in a care home or your own home.
Struggling With Unaffordable Care?
The Care and Home Inheritance Plan pays what you cannot.
My Lifetime care was set up to help the 50,000 people each year in the UK in this position. People who cannot afford the cost of care they need without selling their homes which they would prefer were inherited by their family.
The Care and Home Inheritance Plan can pay the difference between these family’s lifetime care and what they can afford from their pension and ensure that their family inherits their home – eventually debt free.
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Once my parent(s) begin to need care, what financial help will the NHS or Council give them?
If your parents own their own home very little help is available: they may, eventually, get some financial help but the amount will usually be small compared to the costs they will face – for most it will be little more than 10% of their care costs. They are classed as self -funders and, if they live alone, they will often be advised to sell their home to pay their care costs.
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What will their care cost for the rest of their life?
Care in your own home can cost anything between £20,000 and £60,000 over the rest of your lifetime, while the cost of staying in a care home for the rest of your life will normally be between £50,000 to £150,000.
The Care and Home Inheritance Plan
Quite simply, the Plan will pay the care costs you can’t afford in exchange for a long-lease on your home. The lease can be cancelled as soon as rent from your home has repaid these costs, but your beneficiaries can also cancel the lease any time before then by paying the outstanding costs not yet repaid by rent.
What costs does the Plan pay?
- The difference between your pension income and care home fees for the rest of your life. This could total between £50,000 and £150,000. The Plan will pay for this.
- Extra domiciliary care in your own home over and above what the NHS or Local authority will pay for. This may total between £20,00 and £60,000 over your/your partner’s lifetime. The Plan will pay for this.
- House repairs and renovations to make your home safe for you and future tenants - These may cost anything from £10,000 to £40,000. The Plan will pay for this.
- Cost of same day or next day discharge from any NHS Hospital. The Plan will pay for this.