• Practical Help For People Providing Care For the Elderly

    By Mark Gregory on

    Perhaps one of the most important aspects of the long term care system in the UK is the breadth and quality of informal and formal carers for those individuals who find out that they do, or will, in fact need some kind of care or assistance during their later years. In 2011, the Dilnot Report was released and focused on the reform in social care funding in England. The report was the culmination of the work done by an independent committee given the task of reviewing the social care funding system in England….

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  • Joint Life Annuities Explained

    By Mark Gregory on

    Annuities have become increasingly popular for those consumers who are looking to create a sense of security and stability during their retirement years. There are several different types of annuities, all of which come with a variety of different add-ons, manipulations, and variations. Choosing the right annuity can be a time and labor extensive process. However, through research, consumers are able to find just the right annuity to suit the future goals they have set for themselves and their families. There are even options for married couples as opposed to single consumers. For married couples, a joint life annuity can…

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  • Secure Your Family’s Future with a Guaranteed Annuity

    By Mark Gregory on

    Consumers can be faced with several difficult and challenging decisions as they approach their retirement years. For some of these consumers, the decisions to be made do not only affect them individually but also have an impact on their family, or beneficiaries. For some, investing in a guaranteed income can be the best choice to ensure that once they have passed away, their loved ones will still be able to maintain their lifestyle. A guaranteed annuity operates in much the same way as a regular conventional annuity. That is to say, with a guaranteed annuity, an insurer agrees to pay…

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  • Controlling the Costs of Long Term Care

    By Mark Gregory on

    Paying for long term care can be a very daunting prospect for many individuals and their families, especially since most average consumers do not have a clear understanding of how high these expenses can really get. Most individuals typically spend their lifetime saving money and building a nest egg to ensure that they are able to purchase everything they need once they reach their later years and are no longer working. Most consumers hope to pass on their savings and their assets down to their children and grandchildren. However, once it’s determined that long term care is needed, all…

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  • Getting the Lowest Equity Release Rate with Aviva Doesn’t Mean Going Direct

    By Mark Gregory on

    Did you know that if you arranged your equity release direct through Aviva Direct, rather than using an independent equity release brokerage such as Equity Release Supermarket, you could actually end up getting a higher interest rate on your deal? Even if you got exactly the same deal? There can sometimes be as much as a 0.5% difference. And while such a small number could seem trivial at first, over the years that is going to amount to a significant cost to you. Why is there this difference in interest rates? Surely each equity release scheme should be the same…

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  • Keeping Up With the Equity Release Market

    By Mark Gregory on

    The financial market requires every player in the industry to be equipped with as much information as possible, so as to enable the provision of quality services and advice to meet up with the huge demands of an ever thriving economy. It becomes even more imperative when you have set goals and expectations before you that you must deliver on. One way to do this is through equity release news. The equity release market involves profits that have accrued from equity associated with property, especially homes. There are three main schemes that apply to…

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  • Equity Release Calculators Leave No Stones Unturned

    By Mark Gregory on

    There are a great many home owners who are over the age of fifty-five but unaware of the potential benefits of equity release. This particular age group can struggle to obtain conventional finance due to their age and fixed income during retirement. However, equity release has been specifically designed for this age group. A tax free lump sum or additional monthly income is available through equity release schemes. Calculator programmes and other tools are readily available to work out whether equity release is feasible for you.   The Advantages of Equity Release Schemes There are numerous advantages associated…

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  • Using a Lifetime Mortgage Calculator for Pension Supplement

    By Mark Gregory on

    For many people aged over fifty-five, the prospect of surviving on their pension can be pretty bleak. However, for those who own their own home, equity release can provide an excellent way to supplement their pension income and allow additional funds for purchases, investment or planning for the future. Lifetime mortgages are the most common form of equity release and these types of plans can usually be divided into two main forms: the standard roll up lifetime mortgage and the drawdown lifetime mortgage. A lifetime mortgage calculator will usually provide information about either of these two types of schemes,…

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