Hi ALL,
Has anyone looked at annuity’s for care home payments. I just cannot work out whether they are a good idea or not?
Mum is mid – later stages I think but as we all know that means nothing. She could easily live another 10 years or more (isn’t this disease awful that not only do we have to watch our parent disappear we have to try to work out when they will die and also sometimes wish it was sooner rather than later).
Anyway with savings and the sale of her house I would probably have enough for 5 possibly 6 years.
An annuity of course would cover her for life but would mean selling everything in one go and all the money gone in one fell swoop.
What a choice to make….
I can’t bear the thought that we could be in a situation in 6 years when we have to move her but there are the obvious what ifs….
Any thoughts?
Has anyone looked at annuity’s for care home payments. I just cannot work out whether they are a good idea or not?
Mum is mid – later stages I think but as we all know that means nothing. She could easily live another 10 years or more (isn’t this disease awful that not only do we have to watch our parent disappear we have to try to work out when they will die and also sometimes wish it was sooner rather than later).
Anyway with savings and the sale of her house I would probably have enough for 5 possibly 6 years.
An annuity of course would cover her for life but would mean selling everything in one go and all the money gone in one fell swoop.
What a choice to make….
I can’t bear the thought that we could be in a situation in 6 years when we have to move her but there are the obvious what ifs….
Any thoughts?