From: a@b.invalid (A Dodger)
Subject: Re: Life Bonds and nursing home fees
Date: Sat, 09 Sep 2006 12:00:22 +0100
Newsgroups: uk.finance

In , Rob graham wrote:


> 
> > [snip my stuff about no income tax]
> 
> That's good. If it hadn't been like that then you would have been 
> better 
> with an arrangement where the nursing home gets the fees direct, with 
> no 
> tax.
> 

We looked at that.  Memory is now hazy, but I think the 'care' based 
approaches were always more expensive (before taking tax effects into 
account) than the plain vanilla PLA.  As much as anything because the 
more parties (medics, nursing homes...) and paperwork that got involved 
the more time, effort and fees seemed to get expended :-(

But also because the lady happens to be the youngest member of a large 
family, almost all of whom lived into their late nineties.  We took the 
view that in no sense was she an 'impaired' life risk, and therefore a 
PLA based on standard mortality rates would be (literally) the best bet.


-- 
A Dodger