Care-fees plans

The need

Care-Fees Plans (also known as Immediate Needs Annuities) provide financial certainty for those who are entering long-term care. It’s a time when financial advisers need to obtain quotes quickly and efficiently – while, to provide quotations, insurers need current, valid, medical information.

The service

MorganAsh provides a secure portal and medical data-gathering service, to obtain all relevant information in a timely manner, and to reduce the administration for advisers.

Features

• Free to advisers
• Common process across All to providers reduces administration
• New digital portal and e-signature replaces ageing paper process
• Tele-interview with care providers
• On-line client portal enables client to input data directly

Benefits

• Improved security for all, no more posting paper forms
• Mean turn round time down from 8 weeks to 12 days
• Improved quality of data - negates need for GPR, should reduce prices
• Less admin for advisers
• Removal of need to assess medical information reduces liability for advisers