The long road ahead

Is protection support for long-term care fragmented?

Jaskeet Briah
clock • 6 min read

Jaskeet Briah looks at the availability of long-term care (LTC) products within the protection industry and the need versus the demand for such support, at a time when the cost of care is so high.

As the UK faces an increasingly ageing population, this brings an increasing need for support with later-life needs, something we often consider a ‘future problem'. However, protection "isn't meeting that later life need", which is when you're most likely to get ill, says Justin Taurog, managing director, VitalityLife. "Most protection that meets a very critical need, including mortgages, is protecting a term driven need. But there's a massive gap in the industry for whatever is in later life," Taurog says. One in 11 people today are living with dementia - the UK's biggest killer –...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

Third of financial services workers not comfortable disclosing sexual identity

Third of financial services workers not comfortable disclosing sexual identity

One in five say industry is not inclusive of all identities

Sahar Nazir
clock 04 December 2024 • 2 min read
Partner Insight: How to increase your protection business

Partner Insight: How to increase your protection business

LV's Carl Heard says year-end is a great time to review client relationships and protection conversations.

Carl Heard, National Account Manager at LV=
clock 03 December 2024 • 4 min read
Government to launch men's health strategy

Government to launch men's health strategy

Call for evidence

Jaskeet Briah
clock 29 November 2024 • 2 min read