Affordable long term care is a very important issue for elderly citizens. One of the best ways of providing it is a nursing home. Care fees are much more manageable if they are all lumped into one monthly sum, provided that the payment doesn’t exceed the monthly income. One of the most secure ways is by buying a care fees annuity.

By paying a one time lump sum, an elderly person can secure a monthly payment for as long as he or she lives. care fees annuity can also be prolonged, if a special insurance fee is paid, so it can be inheritable.