Life Assurance for Carers of a loved one.
This product is specifically designed for people who are providing 24/7 care in the main to a partner or family member. The intention is that an amount of cover is taken out and placed in Trust so that in the event the carer passes away those named in the Trust document will be placed in funds on sight of the death certificate and this will form part of the individual’s estate.
The benefits of this are:
- The person requiring the 24/7 care may be able to remain in their own home for a period and have available to them additional paid support that allows this.
- It helps in the grieving process not to have to disrupt lifestyle to any major extent.
- It provides time for careful consideration as to what the long term best solution for daily living needs are