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41% of over 45s would use property to fund care

Your Money
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Your Money
Posted:
Updated:
01/06/2012

Annuity provider Partnership, has found that almost 41% of consumers aged 45-85 say that they would need to fund long-term residential care by renting or selling their property.

Annuity provider Partnership, has found that almost 41% of consumers aged 45-85 say that they would need to fund long-term residential care by renting or selling their property.

The company’s first Partnership Care Index found that property was the third highest payment method among the respondents, behind the State funding their care, and pension income. Only 4% would use an insurance policy for long term care.

The Partnership Care Index conducted 1023 online interviews with consumers aged over 45, including 100 interviews with those aged 75 and over, to measure attitudes towards long-term care across the UK.