Financial Security for Your Care: Immediate Needs Annuity

Peace of Mind Through Financial Assurance

At Horizon Care South West, we recognize that planning for your care needs can be a daunting task. That’s why we’re here to introduce you to the concept of Immediate Needs Annuity, a valuable financial tool designed to provide you with financial peace of mind while ensuring you receive the care you deserve.

What is an Immediate Needs Annuity?

An Immediate Needs Annuity is a specialized insurance policy tailored to support your care expenses. It guarantees a regular, tax-free income that directly covers the cost of your care.

Here’s how it works:

Regular Income

An immediate needs annuity ensures a consistent income stream, allowing you to pay for your chosen care provider without worrying about investment performance.

Simple Setup

All it takes is a one-time lump sum payment to purchase the plan, with the cost determined by various factors, including your monthly payment requirements, age, gender, and medical history.

Also Known As:

Your Financial Peace of Mind

Dealing with the financial aspect of care can be a significant concern for both you and your loved ones. The fear of running out of funds or depleting your estate’s value can be overwhelming. An immediate needs annuity offers a solution. It ensures that your preferred care provider is paid for without compromising your care or comfort.

Tailored to Your Unique Needs

Every Immediate Needs Annuity is meticulously tailored to your individual care requirements and priorities. There is no fixed price for a care plan, as various options are available in the market. We highly recommend seeking independent advice when considering an immediate needs annuity.

Advantages and Considerations

It’s essential to weigh the pros and cons when evaluating an Immediate Needs Annuity.

Advantages

Peace of Mind

You gain peace of mind knowing your care expenses are covered.

Protection in Case of Death

Some annuities provide protection in case of death, ensuring your loved ones receive the necessary support.

Payment Flexibility

You have flexibility in choosing the payment frequency that suits your needs.

Considerations

Large Upfront Payment

An immediate needs annuity typically requires a significant initial lump sum payment.

Long-Term Commitment

It's a long-term financial commitment that should align with your care plan.

Non-Refundable

Funds used to purchase an immediate needs annuity are generally non-refundable.

Ready to Explore Immediate Needs Annuities?

Contact our friendly team at Horizon Care South West for expert guidance and assistance. We’re here to help you navigate the world of financial planning for your care needs.