Johnstone calls for compulsory LTC

McMillan, Paul
July 2005
Money Marketing;7/14/2005, p8
The article presents information on long-term care (LTC) products. Former Norwich Union retirement protection strategy manager Sandy Johnstone, says that existing LTC products such as insurance plans, investment-based plans and conversion policies, have failed due to their unpopularity. He says that there needs to be a bigger role for immediate needs' annuities and lifetime mortgages. The Pension Commission could also have an effect on the issue if it proposes accelerated tax-free pension benefits when the need for care arises.


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