Paying For Care Home

[Kazal]

i am a widow living on my own and own my home. I have been diagnosed with a debilitating terminal illness. At the moment I pay for carers to help me for a couple of hours a day. I decided
I would be better off in a care home self funded by the sale of my house. Simple?? Oh no. I was advised to appoint an Independent Financial advisor and so far have spoken to two. Their advice is to purchase an annuity that would cover my stay until end of life. But what if I passed in the first year, the majority of the proceeds from my house would be left with the insurance company. The charges for the IFA are well over £1k .
The alternative is investment , and for them to arrange that they charge a percentage of the amount invested and this could amount to £3.5k to £4k !! Doesn't seem right to me.
Has anyone had to deal with similar situations ? How did you sort it?
Any advice would be gratefully received.

[bednobs]

Ss do not refund the NHS if someone is fully NHS funded. The nhs pays for everything

[Barmaid]

I'd be inclined to move to care having entered a deferred payment agreement (If you do not have access to enough cash for now ). Then sell your property. The alternative is to consider renting it out.

Depending on what your property is worth you need to invest so that you have access to either sufficient income to cover the costs or access to capital if the income will not be enough.

I don't think we can advise you on here because there are so many variables . I'd be inclined to talk to your bank or BS first.

And you also need to investigate CHC as has been mentioned above.