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home news Scotland may scrap universal free long term care
Scotland may scrap universal free long term care
Prudential will stop writing new lifetime mortgage business early next year.   Prudential follows a lengthening list of equity release providers to pull out of the market - Northern Rock, Saffron Building Society, Coventry Building Society and Retirement Plus, plus In Retirement Services who have gone into administration.   Aviva, Just Retirement, and LV= are the main players still writing new business.   Equity release was once trumpeted as a way of paying for long term care, until the house price crash reminded us that there is no law that says house prices must always rise.   Equity release is not a good way of paying for long term care.   Long term care: News update: 29 November 2009   Related links Prudential - company profile   Find out more about long term care insurance   Get a quote for long term care insurance  
 
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