Compare the cost of using an Immediate Needs Annuity with using an investment to fund long term care costs.

Add your client's details, click the comparison button and print the results for your records.

You will need to know the care cost shortfall amount - please refer to our Shortfall Calculator

Important points

  • This tool is for adviser use only
  • The output is purely for illustrative purposes and is based on the information and figures you provide. Aviva accepts no responsibility for errors, inaccuracies, omissions or inconsistencies in the output or for any decisions or actions taken as a result. Any decision to recommend a long term care product should not be based on this output alone
  • The figures you enter should accurately reflect your client's financial situation as well as realistic growth rates and benefit increase rates
  • The investment returns show a general assumption about the frequency and timing of care payments. Actual returns will be influenced by whether care fees are paid in advance or in arrears and how frequently, for example monthly, quarterly
  • Investment growth is calculated on an annual basis, taking into account the payment of long term care costs over this period.  Net of 20% tax, and is applied to both the self-funding figures and the remaining capital after a long term care plan has been purchased
  • The figures assume your client survives the whole of the selected period
  • Premium Protection cover can be purchased with an Immediate Needs Annuity but is not included here. If this option is selected it will increase the value of the legacy to your client’s estate within the term of the cover
  • The value of investments can go down as well as up, and your client may not get back what they originally invested. 

Long term care comparison calculator

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Results - Self-funding vs Long Term Care plan