Only one in five UK residents believe they wo n't require care during their later life , according to a survey from 2011 . Just 22 % of those surveyed , however , said they would consider looking in to social care insurance . Of those surveyed , 38 % said they would use their savings to pay the cost of social care , while 32 % said they 'd rely on selling their homes or relinquishing some form of equity position to cover the costs .
Only one in five UK residents believe they won't require care during their later years, according to a survey from Aegon. Just 22% of those surveyed, however, said they would consider looking in to social care insurance. Of those surveyed, 43% said they would use their pension to pay the cost of social care, while 31% said they'd rely on selling their homes or relinquishing some form of equity position to meet the costs.