Later life care insurance

[supersop60]

Does anybody know anything about this? I'm considering putting something in place, so that my children don't have the problem that DP now has with his parents. (DFil had a stroke and now has vascular dementia as well. DMil fell and pulled a tendon, so cannot look after him, at least at the moment). We are torn between paying extra for home care during the day, or sending him to a home, and the council potentially taking their house to pay for it. They live 5 hours away, and DP has just used up a week of annual leave to help look after them.
Would having insurance be any good for this sort of thing in the future?

sending him to a home, and the council potentially taking their house to pay for it

council won't take the house until after MIL has died if she still lives in it; if he needs a care home then surely this is why you accrue assets in life, to pay for care when you need it?

There are less policies for care costs than there were and are v expensive.
Still doesn’t deal with the time to sort things out.
As pp has said, the council can’t take the house into account while mil lives there.
Ask age uk for advice.

I'm thinking of this for ME in the future, not for the PILS now.
Re current situation - If Fil dies, and we want Mil to live nearer us, then the council will take money from the house sale, and she won't be able to afford to buy anywhere else.

The problem is that there aren't really any such products available at the moment, although it is something that ought to exist in an ideal world. An immediate care needs annuity can be bought to pay for care costs which might help for your FIL but it's not something that you could buy now for yourself as a "just in case". A critical illness policy might do the job. It would have a maximum age for the term though, and a successful claim would depend on you suffering from one of a specific set of conditions.