Could life cover plug the social care insurance gap?

clock • 3 min read

Old Mutual's Paul Roberts debates the role of life cover in helping people meet care costs.

In 2015, dementia was the leading cause of death for females and the second biggest cause of death for males, according to the ONS. Research from the British Medical Journal expects more than 1.2 million people to be living with dementia in England and Wales by 2040. This is up from 800,000 today. Those with dementia more often than not move into a care home or are in a hospital. Statistics from Public Health England show that 58.5% with recorded dementia die in a care home and 31.4% die in a hospital. On this basis just over 700,000 people will have dementia and be in a care home ...

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