Insurance products to fund post-Cap care needs: Nathan Rao looks at the appetite for LTC cover in response to the Care Act reforms

A cap on long-term care costs was orginally intended to stimulate the stagnant insurance market and secure the foundations for tighter financial security in old age.Changes to the system due next April are designed in part to tempt firms into providing wider options for later life cover. Ministers have for some time been urging financial…