Only 5% of people would speak to an adviser about costs of later-life care

18-34 year-olds were 50% more likely to want cover

Jaskeet Briah
clock • 2 min read

Over half (53%) of people would be interested in an insurance policy to cover associated costs for later-life care, whilst 5% would speak to a financial adviser about potential ways to fund care needs, Vitality has found.

The insurer surveyed 2,000 UK adults and found that of those interested in purchasing an insurance policy to support later-life care costs, respondents aged 18-34 were 50% more likely to want cover compared to those aged 55 and over. Whilst expressing an interest in cover, the younger generation were also the most likely to speak to a financial adviser regarding later-life care. One in 10 of those aged between 18-34 would speak to a financial adviser for guidance. Though this number may be higher than other age groups, the disparity between those who want cover and those who will seek it...

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