Frequently Asked Questions

If your Mum owns her own home, yes it will. The Plan will make her care affordable whether she decides to receive this care at home, or in a care home. 

If he (they) own their own home, yes it will. Your Father and his partner need to decide the best way for him to receive his care - at home or  in a care home. One of our Care Advisors can explain the options available to them.

Yes, provided your Dad has left his house to your family. Once your family inherits the house it becomes your family’s to do what they want with it once the lease to My Lifetime Care has been cancelled. 

The lease can be cancelled for nil cost once the rent has repaid all your Dad’s care costs – or any time sooner by paying the costs not yet repaid by rent. My Lifetime Care can advise you exactly what this cost (The Lease Break Fee) is at any time. 

My Lifetime Care (MLC) is a company set up to make the Care and Home Inheritance Plan available to all who own their own home. MLC is wholly owned by My Respite Care Ltd, which is a registered charity, number X.

You do. You choose how and where you receive the care you need and who provides it. My Lifetime Care's Advisors can arrange for you to receive your own care needs assessment if you wish and can also advise you of domicilary care providers and care homes that can meet your needs.

The Plan pays each month whatever you want it to pay towards your lifetime care costs. The best use of the Plan is to cover the gap between your monthly care costs and your monthly pension(s). 

To purchase a Plan you must be independently advised by your own solicitor. She/he is legally required to act in your own best interests. What’s more your solicitor will not permit you to grant My Lifetime Care a lease on your house unless you have full mental capacity or have a Power of Attorney who makes this choice for you. 

Yes it can. The Plan can pay for same day or next day hospital discharge including respite care if she needs this before returning home. 

Alternatively, The Plan will also pay for fast and safe discharge to the care home your Mum chooses if that is what she wants.

No - The Plan differs from the DPA in five ways:

1. You have an unrestricted choice of the care home you choose to live in.
2. Your beneficiaries retain your house rather than having to sell it shortly after you have passed.
3. My lifetime Care rather than you and your family is responsible for insuring, improving, letting and collecting the rent on your house.
4. The rent earned from letting your property  is  used to repay the  care costs which the Plan has paid for.
5. Any the increase in your property’s value from residential property price inflation over the period the Plan is in place is retained by you and your beneficiaries.

No - The Plan is the complete opposite of Equity Release. The value borrowed from your house to pay your care costs is fully repaid and the value of your estate is enhanced by rent and inflation - not reduced .