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109 - Care Fees Financial Planning

Maven Money Personal Finance Podcast

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Care Annuity - A Very Important Product

The care annuity is an incredibly important product to get your head around if you have a loved one in a carehome. Think of it as a hundred and 25 thousand pounds insurance policy as such. If the person unfortunately passes away in year one, it's been a bad deal. You're out of the money. However, if the person fortunately lives for ten years, you've had ten times ten, ten yearly payments. So roughly king that would have been about 350 thousands pound pay out.

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