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Many Plan To Use Property To Fund Care Homes

41 Percent of over 45s plan to use property to fund long term care in their old age.

71% of insurance advisers want to see more long term care insurance products available.

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Despite Government warnings that the current elderly care system is unsustainable, 70% of over-55s don’t believe that they should pay for care in retirement.

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The Commission on Funding of Care and Support is due to set out its final recommendations in early July, to overhaul the way long-term care is funded in the UK.

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New international healthcare survey reveals fewer than a quarter (22%) of over 65s have put money aside to prepare for impending care needs.

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