Almost 30 million protection policies were in force last year with consumers receiving over £32m per day in benefits, according to the ABI.
Almost three quarters of people aged over 55 believe paying for long-term care (LTC) should not be an individual's responsibility, Aviva research suggests.
The Liberal Democrats have passed a policy motion to urge the government to accept the recommendations in the Dilnot Report on long term care (LTC).
Earlier this week the Chartered Insurance Institute (CII) released a report declaring the public was massively disconnected from the reality of long-term care (LTC) costs.
The National Audit Office (NAO) has warned the government that people using personal budgets to fund their social care need more support and greater protection from provider failures.
MorganAsh has officially launched Tele-Interviewing service for impaired annuities and is considering long term care market entry.
The public is unaware of how much long-term care (LTC) actually costs with half the population believing it is free at the point of use, new research has found.
The cost of dying rose again last year, according to a new report which suggests loved ones left responsible for making funeral arrangements are unprepared for the burden.
The house of commons has made the case for those entering long term care to receive financial advice, guidance and product availability information.
Older people taking up personal budgets often face cuts to the level of care they can afford and are forced to do so because it is the only way they can continue to use their familiar care worker, according to new research.